Sometimes, you come across something and think, wait, that can’t possibly be right! Well, I have got another money maker for you in case you missed it. Throughout the first quarter of 2024, cocoa emerged as the undisputed leader among soft commodities and the entire commodities asset class. In a Bloomberg article, supply shortages…
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Will the AI “bubble” burst?
Jeremy Grantham of GMO stands out as an indispensable voice in financial commentary, even though I may not align with all of his perspectives. I have just finished reading his latest piece digging into the US stock market, bubbles and AI, real assets, and under-recognized long-term problems. On another interesting note, another partner wrote that…
The 100-Year storm and the five big forces
My long-term position on China is widely recognized among my investors. I appreciate a partner sharing another interesting article by Ray Dalio, which could be of interest to some investors regardless of their views on China. There is a price for everything. Chinese assets ticked all the right boxes at the current levels. Here is…
Weekly breakfast
What a feeling! The first quarter of 2024 is in the books officially. The first three months of the year wrapped up with a strong performance across the markets. Stocks, ranging from domestic to foreign and covering both large and small companies, saw notable gains. My critics have been refuted, evident in the sector rotation,…
Empowering family offices
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…
The seven levels of consciousness
In his 1963 book “The Science of Existence and the Art of Living”, His Holiness Maharishi Mahesh Yogi states that through the practice of Transcendental Meditation (TM) techniques, over time, the conscious mind becomes familiar with the deeper levels of the mind and the subconscious mind becomes familiar with it naturally. He said he would…
Happy Easter
Some markets are closed today and next Monday, representing the Easter holiday in many countries. For those who are obsessed with work, their focus has turned to the US Federal Reserve’s preferred inflation indicator, the core personal consumption expenditures price index (PCE) and comments from Fed Chair Jerome Powell due today. Easter Sunday is the culmination…
China’s economy is in a great transition
Nobody seems to care about China these days. The country is un-investable for “outsiders”. It is human nature. Most people only get interested when prices are rocking. It is easy for anyone to damn China on almost anything and the sensational media and Wall Street love it. Looking at things from 35,000 feet, long-term changes are underway…
Back to school
All our portfolios are closing out a great first quarter, with the markets on our radar continuing to crush it with near daily record highs. It is not only the AI revolution and the Magnificent Seven or Six. Bitcoin and gold have also reached record levels in a rally that spans various asset classes. Ignoring a…
Fading glory
We tend to view things through the lens of our own experiences: our careers, colleagues, and neighbors. Situations and circumstances are subject to change. Success and failure, prosperity and adversity, are transient phases that come and go. Even the most stable of situations can undergo unexpected shifts due to external factors beyond our control. For…