Financial and Investment Advisors to Families

In a financial world where clients have become mere account numbers, and the new emphasis rests on mass-marketing investment products and gathering “Assets Under Management,” we will continue to deliver the attentive personal service of a knowledgeable and dedicated family advisor.

We believe that we are better investors because of our heritage as advisers to families and the long-term perspective it requires, and we are better family advisers because we possess the deep understanding and experience of real-life, active investing.

Articles

HUBRIS AND FAILURE: SOME USEFUL INVESTMENT LESSONS

August 7, 2017

Last year, French journalist Christine Kerdellant wrote a book with an intriguing title (Ils se croyaient les meilleurs – Éditions Denoël 2016), which could be translated as: “They thought they were the best - a history of great management mistakes.” The point is that the most successful entrepreneurs are those who have first stumbled, but have learned from their mistakes. Interestingly, they often are more prone than professional managers to search out and hire collaborators who also have experienced failure and have survived. The book appealed to me because, in Sicart Associates’ business of wealth and investment management, mistakes are quite useful -- on the condition that they don’t recur too often, and that lessons are learned from them.
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What it takes to build a great family

July 19, 2017

Introducing James E. Hughes, Jr., Esq. the author of Family Wealth: Keeping It in the Family, and of Family: The Compact Among Generations. Mr. Hughes reminds us: “As it takes 150 years for a copper beech tree [ metaphorically, a great family] to mature, plant today because there is no time to waste.” He points out that “The vision underlying a system of family governance must be the enhancement of the pursuit of happiness of each individual family member as part of the enhancement of the family as a whole for the purpose of achieving the long-term preservation of the family’s wealth: its human, intellectual, and financial capital.”
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Beyond The Headlines

Picking daisies under a fuming volcano

November 30, 2017

In July 2007, near the top of big real estate bubble and only weeks before the Lehman Bros. bankruptcy and the onset of the Great Recession, Charles O. Prince III, then CEO of Citigroup, notoriously declared: “When the music stops, in terms of liquidity, things will be complicated. But as long as the music is playing, you’ve got to get up and dance. We’re still dancing.” Today's markets echo this past episode and remind us that contexts may change, but human nature does not.
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Sicart Associates Macro Views Presentation September 2017

October 2, 2017

Watching the high risk stock market, fragile growth, with limited pro-growth tools left available, we share some secrets to keeping a fortune in those perilous times.
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