Jim Brilliant, CFA, CIO, and Century Management portfolio manager has been interviewed by Bloomberg Businessweek, Barron's, Reuters, and Market Watch. He has also been featured in an on air interview by Bloomberg Radio. The following are quotes or excerpts from those interviews:
January 18, 2018 Barron's article by Randall W. Forsyth, An Investor's Guide to the Shutdown. Jim Brilliant points out that the general markets have done well during years when the federal government shuts down. Jim was quoted as saying, "So while media coverage of a potential government shutdown is sure to stir anxiety for many and may increase near-term price volatility, we believe the history of government shutdowns sugests investors can sleep soundly in the weeks ahead".
January 18, 2018 Wall Street Journal article by Sam Goldfarb, Treasurys Fall, Pushing 10-Year Yield Above 2.6%. Jim Brilliant said that given synchronized global growth and the impact of the tax cuts, "we think we're going to see wage growth finally, and to the extent we have wage growth, that will put upward pressure on inflation numbers".
November 1, 2017 Bloomberg Businessweek article by Alex Nussbaum and David Wethe titled, The Fracking Boom's Midlife Crisis. Jim said, "There’s a complacency that shale is going to continue to produce at the kind of volumes that we had in the past. If the world keeps believing we’ve got surplus oil as far as the eye can see—which I don’t believe—then the reality is going to smack everybody in the face.” Click here to read more.
August 31, 2017 Barron's article by Amey Stone titled, Looks Like Houston's Hurricane Preparedness Is Paying Off. Jim points out that Houston's energy and utility infrastructure is well prepared for hurricanes. He believes that plants, refineries and pipelines were shut down well ahead of Hurricane Harvey which should limit damage and allow them to reopen in the next few weeks. He said, "The big, 'wild card' in terms of coming back online is how the Eagle Ford Shale wells will perform once they are restarted. It's never been tested.“
August 31, 2017 Marketwatch.com article by Mark Decambre, 10-Year Treasury Treasury yield posts largest monthly drop in more than a year. Market participants say signs of sluggish inflation, remaining below the Fed’s target of 2% on an annual basis, have been the main factor limiting a rise in bond yields, despite efforts by the U.S. central bank to normalize monetary policy in the aftermath of the 2007-09 financial crisis. This could also put a damper on the central bank from raising rates further this year, said Jim Brilliant.
August 31, 2017 In a Reuters article by Sam Forgione titled, Dollar edges lower on U.S. data, month-end flows, Jim said, "With today's still-weak inflation numbers and with the impact that (Tropical Storm) Harvey can have on just a more noisy data set for (the Fed) to try to decipher, I think it's more likely that they push the next rate hike into the new year."
August 31, 2017 Carol Masser and Cory Johnson of Bloomberg interviewed Jim Brilliant for his energy industry expertise in the wake of Hurricane Harvey. Jim was quoted as saying, "If we look at the financial impact, the industry is very well prepared for hurricanes and obviously this (Hurricane Harvey) is a big one and the flooding is the biggest but we think that the refining assets and the production assets will, as the water recedes, come back online probably in the next couple of weeks or so. We're obviously seeing the impact that refining being offline is having with gasoline prices rising. We'll see the reverse, a backup of U.S. crude inventory but overall this will have in our view the impact of bringing wordwide inventories lower. We have seen this from the beginning of the year, inventories coming down across the energy sector."
Disclosures: Past performance may not be indicative of future results. Therefore, no current or prospective client should assume that future performance of any specific investment strategy including the investments and/or investment strategies recommended or undertaken by Century Management (“CM”) made reference to directly or indirectly by CM in its website, or indirectly via a link to an unaffiliated third party web site, will be profitable. CM is not responsible for the content presented on third party websites.
This material is for informational use only and is not financial advice or an offer to sell any product. The information discussed and shown here is not a recommendation to buy or sell a particular security or to invest in any particular sector. Forward-looking statements are not guaranteed. You should not assume that any of the securities, sectors or holdings discussed are or will be profitable, or that recommendations we make in the future will be profitable or equal the performance of the securities discussed. There is no assurance that any securities, sectors or industries discussed herein will be included or excluded from an account’s portfolio. CM reserves the right to modify its current investment strategies and techniques based on changing market dynamics or client needs. The discussions, outlook and viewpoints featured are not intended to be investment advice and do not take into account specific client investment objectives.
CM is an independent registered investment adviser. More information about the advisor including its investment strategies and objectives can be obtained by visiting www.centman.com. A copy of CM’s disclosure statement (Form ADV Part 2) is available without charge upon request. Our Form ADV contains information regarding our Firm’s business practices and the backgrounds of our key personnel. Please contact CM at 512-329-0050 if you would like to receive this information.