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Month: July 2025

The 2025 Private-Markets Playbook: Why the Easy-Money Era Is Over (and That’s Good)

October 15, 2026July 16, 2025 by Marius A. Holzer, CFA, CAIA, CIPM
Why the Easy-Money Era Is Over (and That’s Good)

Cheap debt and rising valuations no longer do the work in private equity. The next decade’s returns will go to managers who improve businesses, and investors who can tell the difference.

Categories Private Markets

The Invisible Tax Stealing Your Retirement

October 15, 2026July 1, 2025 by Marius A. Holzer, CFA, CAIA, CIPM
The Invisible Tax Stealing Your Retirement

A 1.8% fee on my first retirement statement looked harmless in 1998. Over 30 years, a fee like that can take around 40% of your final wealth. Here is where to look for it.

Categories Your Money

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