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Insights from our CIO
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![Michael Rosen]()
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CIO Insights are written by Angeles' CIO Michael Rosen
Michael has more than 35 years experience as an institutional portfolio manager, investment strategist, trader and academic.
RSS: CIO Blog | All Media
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![1st Quarter 2004 - Trust Me]()
1 Apr, 20041st Quarter 2004 - Trust Me
Versailles is certainly a splendid monument to the glory of the Sun King, Louis XIV. Pictures cannot rn capture the magnitude of its magnificence, the overwhelming adornment of gold, silver and precious jewels on every wall, ceiling and piece...
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![4th Quarter 2002 - Tack or Jibe]()
1 Jan, 20044th Quarter 2002 - Tack or Jibe
Prince Albert, Queen Victoria's consort, thought it a splendid idea to organize a Great Exhibition as a showcase of England's power and glory. The nations of the world all sent emissaries and tributes to London that summer of 1851...
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![4th Quarter 2003 - Liftoff]()
1 Jan, 20044th Quarter 2003 - Liftoff
In the spring of 1929, in the ancient Prussian city of Posen, a 17-year old boy stepped into the town's only movie theater to see the latest film by the acclaimed director Fritz Lang. Lang's 1927 classic Metropolis was perhaps the most influential...
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![3rd Quarter 2003 - Balance or Power]()
1 Oct, 20033rd Quarter 2003 - Balance or Power
Dear Sirs: I have been interested in the problem of mechanical and human flight ever since as a boy I constructed a number of bats of various sizes. [I am] not a crank in the sense that I have some pet theories as to the proper construction of...
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![2nd Quarter 2003 - Cubism]()
1 Jul, 20032nd Quarter 2003 - Cubism
In a small town near Mlaga, Spain in 1884, a three-year old boy began scribbling. These were lines and shapes and spirals, and no one, even his proud father, a respected artist himself, believedrnthe boy had much talent. As he entered his teenage...rn
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![1st Quarter 2003 - Butterflies and Bees]()
1 Apr, 20031st Quarter 2003 - Butterflies and Bees
Sonny Liston was not just the undisputed heavyweight champion of the world in 1964; he was the most feared fighter, possibly of all time, with an incredible 84-inch reach and a menacing glare that hinted at his violent, criminal past.
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![3rd Quarter 2002 - Siren Song]()
1 Oct, 20023rd Quarter 2002 - Siren Song
Homer gave Odysseus all the qualities of a classic hero: guile, coolness, strength, determination, and a healthy dose of bad luck. We meet Odysseus briefly in The Iliad as a reluctant warrior, faking dementia to avoid being drafted into war.
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![2nd Quarter 2002 - The Fifth Sun]()
1 Jul, 20022nd Quarter 2002 - The Fifth Sun
During renovation work in 1790 at El Zcalo, Mexico City's central plaza, this amazing artifact, the Aztec Calendar Stone - three feet thick, 12 feet wide and weighing 24 metric tons - was discovered. At the center is the sun...
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![1st Quarter 2002 - Relativity]()
1 Apr, 20021st Quarter 2002 - Relativity
The accompanying photograph is of a non-descript, undistinguished, 26-year old clerk in the Patent Office in Bern Switzerland who, in 1905, submitted a paper called On the Electrodynamics of Moving Bodies to a leading German physics journal.
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![1st Quarter 2002 - Relativity]()
1 Apr, 20021st Quarter 2002 - Relativity
The accompanying photograph is of a non-descript, undistinguished, 26-year old clerk in the Patent Office in Bern Switzerland who, in 1905, submitted a paper called On the Electrodynamics of Moving Bodies to a leading German physics journal.
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![4th Quarter 2001 - Ode to Joy]()
1 Jan, 20024th Quarter 2001 - Ode to Joy
BeethovenÃs ninth, and final, symphony premiered in Vienna on 7 May 1824 with the composer himself presiding over the orchestra. Beethoven had no idea how the piece would be received since he knew he had broken all the rules...
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![3rd Quarter 2001 - Freedom]()
1 Oct, 20013rd Quarter 2001 - Freedom
September. On the 17th of that month in 1862, 23,000 Americans were killed or wounded near a little town in Maryland on the banks of the Potomac River called Antietam. It was the bloodiest day inrnAmerican history.
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![2nd Quarter 2001 - Keeping the Top Down]()
1 Jul, 20012nd Quarter 2001 - Keeping the Top Down
Summer means morning fog along the California coast. It usually burns off by afternoon, but not always. No matter; the top of my convertible is always down, because the view is better. Not always good, especially in this market, just better.
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![1st Quarter 2001 - Trials, Tribulations... & Tips]()
1 Apr, 20011st Quarter 2001 - Trials, Tribulations... & Tips
Unless your portfolio has been stuffed with Treasury bonds, you are suffering through the worst period of portfolio returns in a generation. You probably didn't need that reminder, but I hope we can put some perspective around this current market...
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