• Special Speakers Meeting: Stephen Cucchiaro

    MIT E51-315

    Boston Investor’s Group Special Speakers Meeting Stephen Cucchiaro Wednesday, October 23, 2019, 7:00 p.m. MIT Tang Center, 70 Memorial Drive, Cambridge, MA*** (See below for map and parking info) Please RSVP! Melt-up or Melt-down? Implications of Historically Low Interest Rates on the Global Capital Markets By Steve Cucchiaro, President and CEO, 3Edge Asset Management Global interest rates are historically low; in fact, some say they have never been lower in over 5,000 years of civilization. In the short term, rates approaching zero can fuel asset bubbles, as the theoretical value of a profitable asset with a discount rate approaching zero approaches infinity. At the same time, because 10-year Treasury yields tend to reflect and gravitate to nominal GDP over the long term, historically low interest rates may foretell an extended period of very little real (inflation-adjusted) growth. Consequently, global capital markets are vulnerable to increasing volatility with the prospect of asset bubbles bursting as this tug-of-war is resolved. Investors need to pay careful attention to valuation measures to help determine when assets are particularly overvalued and vulnerable to a sharp realignment. Stephen J. Cucchiaro is President and Chief Investment Officer of 3EDGE Asset Management. In over 35 years of studying the global capital markets and managing investment portfolios, Mr. Cucchiaro has become known for his use of proprietary investment research methods including the application of concepts from engineering, system dynamics, complexity economics and multi-player game theory in order to analyze the global capital markets. Mr. Cucchiaro began managing investment portfolios in 1994. He was the founder and served as President and Chief Investment Officer of Windward Investment Management, which was acquired by Charles Schwab in November 2010. At the acquisition, Windhaven Investment Management continued the business of Windward. From the early days of Windward through June 2014, assets under management under Mr. Cucchiaro’s tenure grew from less than $75 million to nearly $20 billion. After more than three years working towards a successful transition following the acquisition, Mr. Cucchiaro left Windhaven in June of 2014. Mr. Cucchiaro has appeared on Bloomberg TV and Radio, CNBC, Consuelo Mack’s WealthTrack and the Nightly Business Report, and has been quoted in The Wall Street Journal, Barron’s, The Financial Times, Forbes and BusinessWeek. Mr. Cucchiaro has an SB in Mathematics from M.I.T. and an MBA in Finance from the Wharton School at the University of Pennsylvania. During the late 1970s, Mr. Cucchiaro was a member of the US Olympic Team in yacht racing and became national champion of his class in 1978 and Gold Medalist in the 1979 Pan American Olympic Games. He serves on the Board of Directors of the Institute for Health Metrics and Evaluation (IHME). ---------------------------------------------------------------------------------------------------- MIT Building E51 is located at 70 Memorial Drive, but the entrance is behind the building at 2 Amherst St (put that in your GPS). The best parking is behind Building E51, and some parking is available on the street. Here is a map link: http://whereis.mit.edu/?go=E51 --------------------------------------------------------------------------------------------------- If you have a friend you talk stocks with, bring them with you! Food or drinks are not allowed in any MIT meeting room. We strongly urge each person to make his or her own decisions about investing their money. Investment ideas and recommendations made during our meetings and in our online dialogs bear no liability by anyone. This is a free and open meeting. No membership is required, but please RSVP.