JT

Jonathan Tiemann

About Jonathan Tiemann

Dr. Jonathan Tiemann, TIA’s founder, president and chief investment “guru,” has 30 years of investment experience, which include nearly a decade in academia and now more than twenty years managing money and designing investment services. He earned his B.S. in Applied Mathematics from Yale University, an M.S. in Operations Research from Stanford University, and his Ph.D. in Finance from Yale University. Dr. Tiemann taught Finance at Harvard Business School for five years before leaving academia for Barclays Global Investors (formerly Wells Fargo Nikko Investment Advisors and currently Blackrock), where he became Chief Investment Strategist, responsible for nearly $200 billion in institutional assets.

Are Banks Necessary?

By | 2018-03-23T14:06:05+00:00 November 29th, 2017|Banking, California History, Crypto-currency, TIA, Trade & Commerce|

In today's increasingly digital economy, we can get through our day without ever having to touch cash, write a check or go to a bank. The question of what "money" is emerges as we consider what the relative advantages and disadvantages are of maintaining all of our transactions through electronic systems. Bitcoin poses yet additional challenges for those who believe [...]

Just a Little Respect

By | 2018-03-22T14:54:35+00:00 June 3rd, 2017|Business News, TIA|

Dr. Jonathan Tiemann Barron's, the Dow Jones business weekly, published its annual investor survey of America's most respected large companies this week. I was one of 112 investors responding to the survey. It's important to note that the survey asked what companies we respect. I chose to interpret the question narrowly, recognizing that not every successful enterprise — and not [...]

Renewables Won’t Be Enough

By | 2018-03-21T12:21:32+00:00 March 7th, 2017|Business News, Carbon Emissions, Climate Change, Divestment from Fossil Fuels, Economic Indicators, Energy, Environmental Reporting, Fossil Fuel Free investing, Future Generations, Politics, Preventing Pollution|

Dr. Jonathan Tiemann Would it really be possible to replace our existing energy system with renewables? Mark Jacobson, Professor of Civil and Environmental Engineering at Stanford, thinks we can do so by 2050.1  Prof. Jacobson has done an impressive job of synthesizing demographic, economic, and engineering data to develop a formula that seems to show a path toward a fully [...]

A question for Senator Ted Cruz

By | 2018-03-27T23:03:36+00:00 October 6th, 2015|Congress, Federal Reserve, Fiscal Policy, Monetary Policy, TIA|

We are about three weeks away from the next Republican candidates' debate, but I'm still stuck on one item from the last debate. Toward the end, the moderators cited a Treasury Department proposal to replace the image of Alexander Hamilton on the ten-dollar bill with that of a woman, and asked the candidates which woman they would choose for that [...]

Competition? Oh, the horror!

By | 2018-03-27T23:08:14+00:00 May 20th, 2015|Business News, TIA|

By Dr. Jonathan Tiemann I’ve written on this theme before, but it bears repeating. As often as we hear politicians, venture capitalists, bankers, corporate managers, and even economists extol the virtues of free market competition, business leaders know better: Competition is bad for business. And every once in a while, one of the designated cheerleaders of American capitalism suffers a [...]

A Stock Pickers’ Market?

By | 2018-03-27T23:09:28+00:00 April 24th, 2015|Analysts, Financial Institutions, Money Management, TIA|

By Dr. Jonathan Tiemann Pity the poor hedge fund manager. The lead item in one of the many daily “news” emails I received today — this one from Chief Investment Officer magazine — reads, “Don’t Blame the Hedge Fund Managers.” [1] The burden of the item is that it isn’t the funds’ managers’ fault that they performed so badly during [...]

How much austerity is enough?

By | 2018-03-27T23:11:08+00:00 April 20th, 2015|Economic Indicators, Euro, Financial Health, Fiscal Policy, Government shutdown, international Finance, TIA|

By Dr. Jonathan Tiemann, April 20, 2015 Although we don't hear the word explicitly that often, austerity is very much at the center of economic debate today. In the US, both the Senate and the House of Representatives are working on budget proposals, which would (their sponsors say) balance the Federal budget within a decade. Those proposals would do so [...]

Inverting Management’s Duty to Shareholders

By | 2018-03-27T23:11:56+00:00 March 23rd, 2015|Business News, Corporate Actions, international Finance, Shareholder Rights|

By Dr. Jonathan Tiemann, March 23, 2015 While we're on the subject of fiduciaries (see the post just before this one), there's another important principal (owner) - agent (person acting on owners' behalf) relationship in finance. That's the relationship between shareholders and corporate managers. The extent of managers' fiduciary duty to shareholders isn't really clear under the law, especially since [...]

Fiduciary Blurt

By | 2018-03-27T23:12:46+00:00 March 11th, 2015|Brokers, Fiduciary Duty Standards, Financial Institutions, Investment Advisor Rules, Securities & Exchange Commission, TIA|

By Dr. Jonathan Tiemann In my childhood, my favorite cartoon was The Adventures of Rocky and Bullwinkle, a Cold War-era sendup of the popular cloak-and-dagger movies of the day. The heroes, Rocky the Flying Squirrel and Bullwinkle T. Moose, always managed, in their bumbling way, to thwart the arch-villains, Boris Badenov and Natasha Fatale. In one memorable adventure, Boris and [...]

This man might just save the euro

By | 2018-03-27T23:13:55+00:00 February 23rd, 2015|Business News, Euro, Financial Institutions, international Finance|

By Dr. Jonathan Tiemann Last month, a general election in Greece brought to power a leftist party called Syriza. Syriza’s leader — Greece’s new Prime Minister — Alexis Tsipras, campaigned on promises to roll back the severe economic austerity the previous government had accepted as a condition for continued financial support from the rest of the Eurozone. But while Mr. [...]