Here are some things I think I am thinking about: Housing, housing, housing. If I had to distill my current macro outlook down into a sentence or two it would [ … ]
New Podcast Interview – The Bitcoin Layer
I joined Nik Bhattia on the Bitcoin Layer podcast to discuss the outlook for the macroeconomy in 2023. This interview includes: 1) The general economic outlook for 2023 2) Why [ … ]
Three Things I Think I Think – Who Can You Trust?
1) SBF, FTX, WTF. The big story of the week remains Sam Bankman-Fried and the collapse of crypto exchange FTX. I haven’t written much about this topic because, well, crypto [ … ]
The Business Brew – The Portfolio You Need
Sorry for the radio silence recently. I went on my first vacation in two years over the Thanksgiving week. But now we’re back and getting ready for 2023. I was [ … ]
3 Lessons From the Collapse of FTX (Video)
In this video we discuss the collapse of FTX and the crypto markets and what we can learn from this bear market. This video includes: 1) Understanding volatilities relative to [ … ]
Do We Implement Portfolio Construction Completely Backwards?
I’ve had three big investing epiphanies in my investing career. The first big epiphany was that macro matters much more than micro. The direction of the river is much more [ … ]
The Triffin Dilemma and Why it Matters More Than Ever (Video)
Here’s a new Three Minute Macro video on the Triffin Dilemma and why it matters more than ever. The basic gist of the video is that the reserve currency issuer [ … ]
Three Things I Think I Think – Is This The Bottom?
1) Is the bond bottom finally in? I’ve been surprised/wrong about how fast the Fed moved this year. And while I’ve been pretty negative about virtually all asset classes all [ … ]
Three Things I Think I Think – Changing My Mind
The last few years have been jarring in numerous ways. They’ve also forced me to reconsider how I help people navigate the financial world. Here are some things I’ve recently [ … ]