After spending much of the year in a boring range frustrating the bulls in the crypto space, Bitcoin has surged past USD30,000 and is up 20% in the last five days, reaching close to USD35,000. According to CoinDesk, Bitcoin’s performance is roughly in line with the CoinDesk Market Index’s (CMI) +14% advance. Even the laggard decentralized…

There is a lot of scaremongering at the moment and some people are trying hard to sell a book. Reading some of the recent commentaries has been frightening, compounded by the sensational discussion on social media. Howard Marks says that when everyone is scared, you should consider investing. Elsewhere, the mood is relatively calmer in…

According to a Bloomberg article, bonds with maturities of 10 years or more have lost around 46% of their value from the peak in March 2020. 30-year bonds have fared even worse, losing 53%. Some people are confused and I do not blame them. Was not fixed income as an asset class supposed to be…

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…

I stumbled upon an old article by Michael Lewis, the author of the best-selling book “Flash Boys: A Wall Street Revolt” and thought some of you might find it intriguing. Bankers are apparently turning to transcendental meditation to alleviate the otherwise intolerable stress of their work. Poor lambs. I have picked some of the interesting comments in…