I’m not the most active person on LinkedIn, more of a quiet observer who scrolls now and then. I do make new connections occasionally (selectively, of course). At the risk of upsetting some people, LinkedIn can sometimes feel like a stage where many are more interested in “showing off” than sharing real insights or adding…

As a student of the market, I just finished reading an excellent 97-page report by Michael Mauboussin of Morgan Stanley titled “Who Is on the Other Side?” 97 pages may sound intimidating but for market nerds it is the good kind of long, the kind that pulls you in so completely you forget coffee exists…

It is actually a good thing there is no real alternative to the dollar or US Treasury. If there were, investors would not be debating it on social media. They would have left already. Quietly. Efficiently. In very large numbers. The real question is not “Is the US dollar flawed?” It is “What exactly replaces…

Every year, I sit down with key partners to review performance. Not to celebrate numbers but to answer a more important question. “Did each strategy behave the way it was supposed to?” Looking back at the past year, the data across our portfolios reinforced something we have believed for a long time, well-designed strategies need…

Gold did not politely step back last Friday, it blinked. Silver, on the other hand, did not blink, it face-planted. One moment the precious-metals crowd was calm, the next moment emotions were doing the trading. So here is the real question after the dust settled for now. Are you buying the dip and thanking the…