Blog Posts

An ESG ETF is designed to focus on the environmental, social, and governance factors of each company in the fund. According to Morningstar data, funds that seek to incorporate information on an investment’s sustainability and overall societal impacts – and select from those that meet specific criteria – have largely outperformed their traditional counterparts over […]

ESG, also commonly known as “impact” investing, involves any information related to environmental, social, and governance factors that pertain to a real-world outcome.  ESG is commonly thought of as something that revolves around ideological inclinations, preferences, or factors that don’t explicitly tie to return.  But It’s not just about preferences – e.g., “I don’t want […]

The digital yuan is China’s latest development in establishing itself as a global power economically.  In the mid-1980s, about 90 percent of China’s population lived in poverty. A generation later they’re challenging the United States and the West for superiority in a variety of different ways: Trade (already the largest) Economy and capital (second-largest economy […]

The price of a financial asset is money and credit divided by the quantity. So, understanding the two and the difference between money and credit is important to get at why financial assets are doing what they’re doing and help anticipate risk/reward in a market.   What is money? What is credit? Money is what […]

The rise behind high-flying assets like SPACs (blank check companies), cryptocurrencies, and NFTs is related to the environment we’re in and the large-scale liquidity that has caused a rise in all asset classes.  Interest rates in an economy are a function of nominal growth rates.  In Western economies (the United States, developed Europe, and Japan), […]

SPAC is short for a special purpose acquisition company, also known as a “blank check” company. A SPAC is essentially large pool of cash, which is listed on a public exchange with the sole purpose of completing an acquisition. It’s essentially a form of a backdoor IPO. SPACs are unique in that they have no […]

The music industry has massive underlying demand. YouTube’s most popular videos and most viewed videos ever are disproportionately music videos. The top ones obtain billions of views, garnering popularity that most forms of content could never fathom even a fraction of from a pure viewership perspective. At large, the industry is in the most robust […]

The coronavirus crash brought on market conditions you rarely see. There were exceptionally volatile markets, a level of which exceeded that seen during the 2008 financial crisis and the 1929 crash that marked the beginning of the Great Depression. 1929 and 2008 were fundamentally brought on by debt crises. Discerning sophisticated investors could have done the […]

Eventual stagflation could be a risk for the economy and markets and one that’s currently vastly under-discounted. Going into the post Covid-19 investing period, we’re in a situation where the central bank has pushed a lot of liquidity into the markets and brought up the financial economy (i.e., prices of financial assets) while the real […]

The stock market is an important part of the overall functioning of the economic system. The stock market – and capital markets more generally – affect the real economy as they provide the money and credit that the real economy uses to make goods and services. The financial economy leads the real economy. The stock […]