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We have all heard the saying, “A picture is worth a thousand words.” In the markets, it might be worth even more. A single wild chart can say what paragraphs cannot. There are no guarantees here. No “musts,” no “nevers.” The market does not follow our logic. It is not obligated to match our models…

Yesterday was a busy one with back-to-back meetings with investors and partners. We covered just about everything under the sun. Well, the battle for the Fed, Powell’s next move, Wall Street’s mood swings with my favorite benchmark once again hugging its all-time high, gold’s shine, and of course, the US dollar. Oh yeah, equity investors,…

At Jackson Hole, where the world’s central bankers gather each year to sip coffee and quietly move markets, Jerome Powell finally cracked the door open to more interest rate cuts in the months ahead. With unemployment risks now outweighing inflation fears, the Fed’s legal mandate may soon nudge Powell’s hand toward promoting growth. In this…

I periodically recycle old posts on my blog to ensure that new clients can benefit from valuable content they may have missed and this post is one such example. Obtaining my first black belt in Tae Kwon Do more than 30 years ago marked a significant milestone, demonstrating my dedication and perseverance in the martial…

I periodically recycle old posts on my blog to ensure that new clients can benefit from valuable content they may have missed. Today, I’m revisiting a post on family offices that are experiencing a surge in popularity based on my meetings with investors.  I want to talk about something that does not typically get a…

Gold has been on quite a journey. From April 2024 to April 2025, it staged a robust rally, climbing steadily and reaching a strong peak. Over the past couple of months, however, the yellow metal has slipped into a period of consolidation. The big question now is does this mark the end of the bull…

Over the years, I have had the privilege of working with investors from many different backgrounds. Some of them are meditators, others come from strong religious traditions and I must say, they are often the easiest clients to deal with. They are calm, patient, and rarely call me in a panic when markets wobble. In…

I came across another excellent piece from Howard Marks, one of my favorite financial commentators and, as always, I learned something new from it. In his latest memo, he explores how investors should think about value, price, and the interplay between them. He then applies this lens to today’s markets, weighing whether valuations look stretched…

We have an allocation to crypto, not just as an asset class but as a lens into shifting belief. Bitcoin has never been just a ledger, it is a mirror of collective belief. Each cycle, conviction migrates from those who surrender it to those who embrace it. A partner recently shared this view with me…

Everyone supposedly dumping greenbacks for euros, gold, or crypto. This year’s headlines have hammered home the idea that foreign investors, spooked by President Trump’s unorthodox, populist streak were heading for the exits and redeploying capital elsewhere. However, the numbers did not get the memo. According to a report, Treasury International Capital (TIC) data released showed…