Brian Pretti is a partner and chief investment officer at Capital Planning Advisors. He has been an investment management professional for more than three decades. Beginning in 1990, he served as senior vice president and chief investment officer for Mechanics Bank Wealth Management, where he was instrumental in growing assets under management from $150 million to more than $1.4 billion
Pretti is a sought-after public speaker on the topics of the financial markets and economy and has been quoted in Barron’s, the Financial Times, San Francisco Business Times and Comstock’s.
Before joining Mechanics Bank, he was an investment research analyst at value equities investment firm George B. Springman, serving institutional clients such as the state of Oregon, San Francisco City and County Public Retirees and the Contra Costa Country Retiree Pension Fund from 1986-1990. From 1983-1986, Pretti was a research analyst in the three-person, headquarters-based financial planning and analysis division of Transamerica.
Pretti was the founder, publisher and editor of ContraryInvestor.com, a subscription-based investment research website serving institutional, private and retail investors, from 1998-2012 and continues to write for numerous well-known investment websites such as ZeroHedge and Financial Sense.
He holds the chartered financial analyst (CFA) and certified financial planner (CFP) designations. He earned an MBA in finance from San Francisco State University and a BS in economics and BA in business administration from the University of San Francisco.
Although it may not seem like it, in the second quarter of this year the U.S. economy passed into the beginning of its seventh year of expansion. In the 158 years that the National Bureau of Economic Research (the arbiters of “official” U.S. economic cycles) has been keeping records, ours is now the fifth-longest economic […]
For anyone who has spent time on the open sea, especially in a small craft, you know the sea can be quite the moody mistress. Some days, the gale winds are howling. Some days the sea is as smooth as glass. The financial markets are quite similar. In late August, the U.S. equity market experienced […]
We promise, when we wrote our monthly discussion a few weeks back titled, “At the Margin,” we had absolutely no magical insight into the price correction U.S. stocks experienced last week and this, one of the more noticeable in quite some time. You may remember our early August discussion heavily detailed the frailties of human […]
The current year has been characterized by increasing daily volatility in financial asset prices. This is occurring in bonds as well as stocks. In fact, through the first six months of this year, the major equity markets have been trading within a narrow price band, back and forth, back and forth. Enough to induce seasickness […]
As we are sure you are aware, the financial markets have had a bit of a tough time going anywhere this year. The S&P 500 has been caught in a 6% trading band all year, capped on the upside by a 3% gain and on the downside by a 3% loss. It has been a […]
In the economic cycle of 2003-2007, one question we asked again and again was, “Is the U.S. running on a business cycle or a credit cycle?” How much of the growth was sustainable, and how much depended on an expansion of credit? That question was prompted by a series on credit data we have tracked for […]
Increasingly, we live in a world of now. Instantaneous access to digital real-time data and news has simply become a given. You may be surprised to know that the Federal Reserve has taken notice. To this point, GDP data from the U.S. Bureau of Economic Analysis (BEA) has arrived after the fact. From the perspective […]
Unless you have been living on a desert island, you are aware that Greece is in the midst of trying to resolve its financial difficulties with European authorities. This is just the latest round in a financial drama that has been playing out for a number of years now. Up to this point, the solution […]
Just when you thought the world could not spin much faster, global monetary events in 2015 have picked up speed. Buckle up. A key macro theme of ours for some time now has been the increasing importance of relative global currency movements in financial market outcomes. And what have we experienced in this very short […]