Economic Perspectives

Bruce Kardon

President and Chief Investment Officer
Conservest Capital Advisors, Inc.

March 10, 2023, 8:30 am – 10:00 AM

Bruce Kardon (Wharton School BS/MBA, University of Chicago Post-Graduate) serves as President and Chief Investment Officer of Conservest Capital Advisors, a boutique and independent investment advisory firm serving wealthy families and individuals throughout the United States.  Prior to founding Conservest, almost 30 years ago, Bruce ran and sold Kardon Industries, Inc., a packaging company primarily located in Midwest and Northeast United States. Bruce has been a member of Young Presidents Organization since 1988 and is Treasurer, Trustee and Board Member of University of the Arts.  

Bruce topics of discussion: 

1. Economics – the dismal science – weighing decisions with scarce resources
2. Real versus nominal economic growth; MxV=PxQ (M-money supply, V-velocity of money, P-price of goods & services, Q-quantity of goods & services)
3. Labor Market – demographic shifts and automation
4. Supply of goods and services – global versus regional in post-Covid world
5. Demand for goods and services – post-lockdown demand shifts
6. Global economic activity – historical perspectives, Cold war economics, expanding global marketplace, potential for new cold war economy
7.  Economic frontiers – artificial intelligence (classical versus quantum computing, blockchain technology and payment reconciliation), the new space race, fusion  
8.  Externalities – geopolitics, environmental challenges
9.  Debt and deficits – private sector, public sector
10.  Financial economy’s relationship with the real economy, Price signals and leading indicators, don’t fear the business cycle, embrace it.

Conservest Capital Advisors clients have choices.  Our clients have the financial means to select any advisor they choose, yet they require a combination of academically grounded investment strategy and tactics, tax-efficient portfolio implementation, highly personalized service, discretion and privacy, superb listening skills, and conflict-free advice that can only be delivered by a select few advisory firms.  Our clients include generations of family members and a diverse group of individuals which includes business owners in myriad industries, professionals, and men and women who have come into wealth due to significant life events. As a highly respected Registered Investment Advisor, we serve as our clients’ fiduciary, place our clients’ interest above all else, and do not sell product.  For clients with investable assets of $2 million to $200 million, Conserve