Commentary

Today’s Yield Curve Steepening Is Not Different This Time, It’s Not The Same

The steepening yield curve has grabbed my attention. Historically, it's been a reliable investment signal. However, as I discuss in my article below, today's might not be occurring for the same reasons as in the past. It's not that it's different this time. It just might not be the same (so far).

Commentary

Treat Alternatives Like Cuisines, Not Distinct Assets

Investors have been increasingly allocating to various alternative investments. However, I don't see them as distinct assets deserving of allocations. As I discuss in my article below, I consider alternatives investment styles and as optional for portfolios as taste is for nutrition.

Commentary

The Similarities & Differences Between Today & The GFC

I’ve said it before, 2023 has been a heck of a year. In just five months, four large regional banks and one major global financial institution shuttered, marking the second-worst year for bank failures.

Commentary

Silicon Valley Bank’s Failure Highlights Systemically Combustible Conditions

Many have questioned the importance of the recent bank failures.

Commentary

The Fed’s Got Inflation Backwards

Central banks endlessly fascinate me.

Commentary

Why I’m Waiting for the Fed to Pivot

So far, my 2023 investing looks just like 2022: lots of waiting.

Commentary

Markets Are Reteaching Centralization’s Dangers

Markets are selling off in unison again. As I discuss in my article below, I believe this reflects their increased centralization. The cure, of course, is to decentralize (no, I don't mean crypto).

Commentary

Saving Speculation To Improve Investment Returns

Speculation’s a dirty word for investors.

Commentary

Money’s Many And Problematic Definitions

There’s no escaping the Federal Reserve (Fed) when it comes to investing these days.

Commentary

Rising Rates And Volatility Might Create Future Opportunities

Catching inflection points is the holy grail of trading. It’s what makes investing lore.

Commentary

How Gold Lost Its Inflation Luster

Many investors buy gold to protect against inflation. However, it's not as effective a hedge as believed. In my article below, I discuss how gold’s relationship to money, and as a result inflation, changed.

Commentary

Chinese Investment Markets Reveal Their Fatter Tails

It's truly sad to watch events unfold in China. However, it's no surprise that investment markets are falling with China's increased economic controls. As discussed in my article, centralization produces fragility.

Commentary

Inflation Is Shortages And Thankfully Transitory

I’ve got inflation on my mind these days.

Commentary

Using GameStop To Uncover Biases

What recently transpired in GameStop's stock was truly epic. More astonishing, though, was the ease at which a nihilistic narrative took hold in the absence of fact. To me it was telling and an opportunity to improve my thinking.

Commentary

How I Process Ideas Into Investments

Abstract investment themes are much more than entertainment. They’re serious business and have roles to play in portfolios. I share my process for incorporating then into mine.