The great recession hit bottom in Q4 2008, with GDP contracting a whopping 8.9%, followed by 2 subsequent quarters of GDP contraction. The economic recovery began in Q3 2009 as evidenced by 1.4% GDP growth and subsequently the US economy has generated positive GDP growth in each successive quarter through Q4 2012. During this period, [...]
Not Impressed
Eh… granted, not eloquent but an apt description of the current state of our economy. During the second half of 2012 many macroeconomic indicators pointed to a decelerating economic recovery and indeed we saw a slowdown in orders across several of our B2B portfolio companies during this period. This was not unique to MCM Capital [...]
The Fiscal Cliff & The Economy
I feel compelled to start this blog with the plea, “Please, don’t shoot the messenger”. I am not the Grinch, nor do I plan on stealing Christmas, but America may be looking more and more like Whoville without any Roast Beast, Who-hash or presents under the tree should our deficit continue to grow. Putting one’s [...]
GOING BACK TO SCHOOL by Steven Ross
After a 20-year hiatus from the classroom, I recently had the opportunity to reconnect with my most influential professor from graduate school, Dr. Allen Michel. Dr. Michel, an internationally recognized expert on mergers & acquisition related matters and a professor at Boston University Graduate School of Management, asked me to speak to his graduate [...]
Defending the Castle
“In business, I look for economic castles protected by unbreachable ‘moats’.” -Warren Buffett Warren Buffett has long preached investing in businesses one understood, not only in terms of what the business does but also in terms of the predictability of the long term economics of the industry. Accordingly, in assessing the width of the [...]