How Do We Manage?

In my mind, there are a lot of different ways to manage money successfully. The problem seems to be that ... Read More


That Other Mandate

We’ve spent roughly a year laser-focused on inflation. When will it peak? When will it get to levels low ... Read More


I Predicted Global Recession Before It Was Cool

Part of good investment management involves focusing on what’s important. There’s plenty to do, and you don’t ... Read More


Equity Risk Premium

Equity Risk Premium (ERP) is the excess return that investing in the market provides over the risk-free rate. That excess ... Read More


Message Received

Markets went from riding high to feeling low, last week. What happened? You can look at a variety of things, ... Read More


Be Like Water

There’s a lot of prognosticating going on, as there’s been a lot of volatility. There’s also quite ... Read More


Wen Lambo?

For those who think I may have lost my mind, first, you may be right. Second, the phrase in the ... Read More


Process First

Here’s the thing: the future is unknowable. That’s problematic, as this job is based on predicting what’s ... Read More