Substack Library
GlossaryDeflationary Locusts
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Biden’s Big Bet
May 5, 2021Regarding the plan, when Biden said Xi and Putin believe democracy can’t “compete in the 21st century” that rang true to me. My mind flashed back to a conversation I had had years before in an elegant Beijing restaurant. My interlocutor was a financially savvy Chinese acquaintance who had earned an advanced degree in the US, worked in New York for a period and then returned home. He was bald, wore a stylish black blazer and had a thoughtful manner. This was years before Trump and George Floyd.
Four Big Forces and the Cherished Oddball
April 24, 2021Macro investors distill the big forces flowing across economies into a collection of investments. This process is a bit like painting a picture of what the future might bring. However, unlike painting, whose veracity is often only seen clearly many years later, an investor can test the accuracy of their theory daily, the same way an athlete can check their prowess in competition.
Playing Chess with Putin
April 18, 2021The US leveled sanctions on Russia this week, using what was regarded as the “nuclear option,” targeting Russia’s bond market. Based on both market pricing and the tenuous connection many Russians will make between financial conditions and Putin, I suspect the bomb missed the mark.
Man’s Search for Money
April 12, 2021While almost everyone worries about money, most people don’t like talking about it. Money triggers emotion, the topic is shrouded in lingo and some of the underlying concepts are indeed tricky. In a sense, money is a bit like sex, central to human existence, yet viewed as something private, best discussed, if discussed at all, behind closed doors with a specialist or a life partner.
Happenstance
April 3, 2021Wednesday, I will publish my 18th podcast, this one with NBA star, businessman, father and husband Pat Garrity (available on Apple, Spotify, etc). As I reflect on my conversations with my guests, one thread that runs through them all is the role of a) happenstance and b) response. Happenstance is random, response is often creative and intentional.
The Cost of Conflict
March 20, 2021Likely all of us registered, perhaps out of our peripheral vision, that Chinese and Americans sat down last week at a hotel in Anchorage, Alaska and that there was a “clash” and “posturing.”
The Artist’s Life and the Money Life
March 13, 2021Last week I shared my interview with American sculptor Pete Beeman. You can hear the full conversation here.