Client Investment Letter January 2023

“[Interest rates] act on financial valuations the way gravity acts on matter: The higher the rate, the greater the downward pull.” – Warren Buffett   The path towards normalizing interest rates in 2022 reasserted the force of gravity on asset prices.  Since 2008, the Federal Reserve and other central banks have engaged in extremely low […]

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Client Investment Letter October 2022

“Inflation is running too hot. You don’t need to know much more than that.” – Fed Chairman Jay Powell   The third quarter marked the beginning of a paradigm shift as investors began questioning the path of inflation and the resolve of the central bank in responding. Since the days of Alan Greenspan, the Fed’s […]

Read More… from Client Investment Letter October 2022

What We’re Reading – Week of 06/17/2022

Below you will find the articles on economics, investing, and finance that we found most interesting for the week. NB: ($) denotes subscription site. Mexico turns its back on private business, just when it could benefit from “friendshoring.” Article via The Wall Street Journal ($) Who pays for crypto’s collapse? Article via The Wall Street […]

Read More… from What We’re Reading – Week of 06/17/2022

What We’re Reading – Week of 06/10/2022

Below you will find the articles on economics, investing, and finance that we found most interesting for the week. NB: ($) denotes subscription site. Highflying Tiger Global has been humbled by the tech retreat. Article via Wall Street Journal ($) “Friendshoring” where countries only trade with allies may not be all its cracked up to […]

Read More… from What We’re Reading – Week of 06/10/2022

What We’re Reading – Week of 06/03/2022

Below you will find the articles on economics, investing, and finance that we found most interesting for the week. NB: ($) denotes subscription site. George Soros’s money manager says the market has the timing of a potential recession wrong. Article via Bloomberg ($) Elon Musk demands his workers come back to the office.  Not all […]

Read More… from What We’re Reading – Week of 06/03/2022

What We’re Reading – Week of 05/20/2022

Below you will find the articles on economics, investing, and finance that we found most interesting for the week. NB: ($) denotes subscription site. Barron’s says oil giant, Shell, looks like a bargain. Article via Barron’s ($) The Department of Justice plans to crack down on Private Equity. Article via The Financial Times ($) Elon […]

Read More… from What We’re Reading – Week of 05/20/2022

What We’re Reading – Week of 05/13/2022

Below you will find the articles on economics, investing, and finance that we found most interesting for the week. NB: ($) denotes subscription site. Cryptocurrency “stablecoins” are starting to break the buck. This is a bad sign for the health for the ecosystem. Article via The Wall Street Journal ($) Meanwhile, Coinbase customers found out […]

Read More… from What We’re Reading – Week of 05/13/2022

What We’re Reading – Week of 05/06/2022

Below you will find the articles on economics, investing, and finance that we found most interesting for the week. NB: ($) denotes subscription site. Warren Buffett buys nearly 10% of Activision as he sees the Microsoft deal going through. Article via CNBC In downturns equity hurts, but debt kills. Op-Ed via The Wall Street Journal […]

Read More… from What We’re Reading – Week of 05/06/2022

What We’re Reading – Week of 04/29/2022

Below you will find the articles on economics, investing, and finance that we found most interesting for the week. NB: ($) denotes subscription site.   Wind power’s colossal market failure threatens the fight against climate change. Article via Bloomberg ($)   Schwab gets ready for rapid movements in cash as rates rise. Article via The […]

Read More… from What We’re Reading – Week of 04/29/2022