Blog Posts

As seen repeatedly – from Rome to Weimar to the British Pound in 1967 – the erosion of money’s value and trust often precedes, and catalyzes, declines in global leadership. Today’s environment, in ways, mirrors the late 1960s to early 1970s: fiscal dominance (fiscal policy the main driver of economic outcomes over monetary policy), monetary […]

Can the US or any country run out of money? Technically, the government doesn’t have money. A government is just a collection of individuals. Everything in an economy comes down to productivity.  Governments collect tax revenue from what boils down to underlying productivity at the most fundamental level. It can use a combination of those […]

A poison pill is a strategy employed by a company to make itself less attractive to a hostile takeover bid. The poison pill is usually in the form of poison pills are usually in the form of increased debt or dilutive shares. The poison pill is designed to make the potential acquirer think twice about […]

Deciding whether to hire a financial advisor is an important decision that can significantly impact your financial future. With many factors to consider, from the benefits of hiring an expert to the potential costs and alternatives, this guide will help you make an informed choice. We’ll look into the advantages and disadvantages of hiring a […]

Overconfidence can be a trader’s worst enemy.  We look the dangers of overconfidence in trading, the importance of intellectual humility, probabilistic thinking, and strategies to maintain a balanced perspective.   Key Takeaways – Overconfidence in Trading Absolute certainty is dangerous Avoid using terms like “will” or “always” when predicting market movements. There’s almost never such […]

A family office is a private wealth management advisory firm that provides financial, legal, and other services to a single family or a group of closely related families. It’s a type of financial institution that is set up specifically to manage the financial affairs of a wealthy family or group of families. Family offices are […]

Hedge funds and traditional asset management firms operate under starkly different business models, despite both being in the business of managing other people’s money.  They may seem similar on the surface, but their approaches to generating profits and growing their businesses are almost diametrically opposed.  This article will explore these differences, understanding why hedge funds […]

Interest rates alone don’t explain why a 10-year Treasury pays more than a 3-month bill. Interest rates are essentially the foundation of financial markets.  But the slope of the yield curve holds deeper information about risk, behavior, and expected compensation. Every Treasury yield has two components:  where short-term rates are expected to go, and  what […]

A hedge fund is a type of investment vehicle that pools together money from a group of investors and uses that money to speculate on a variety of assets, such as stocks, bonds, commodities, and derivatives. Hedge funds are typically structured as limited partnerships or limited liability companies, and are largely unregulated compared to traditional […]

Currency markets today are now shaped not just by interest rates and macro data, but by algorithms that learn, adapt, and react faster than any human can. What was once experimental is now routine, embedded in the architecture of both institutional trading desks and central bank research units. In the past, AI and automation merely […]