Macro
The Fog of war (uncertainty)
“The cockroach theorem is, in the final analysis, a theorem about measurement. A system that cannot accurately measure its own
9 min read
Listening or reading anything the legendary Dr Lacy Hunt says and writes reminds me of opening an encyclopaedia of economic history, sitting in a comfy chair in a Barnes & Noble, sipping a coffee from their in-store cafe. (RIP Leonard Riggio, builder of the transformed B&N. Died 27-August 2024 at 83yrs of age).
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Macro
The Fog of war (uncertainty)
“The cockroach theorem is, in the final analysis, a theorem about measurement. A system that cannot accurately measure its own
Macro
Calibrate & recalibrate
Volatility, uncertainty, and risk are all necessary but not sufficient conditions for generating cash-plus returns from investments. Too many investors
Macro
All that glitters…
This update consolidates our thesis for owning GOLD exposures and our recommendations for portfolios into one place. Over recent years,
Macro
“Thank you for your attention to this matter.”
This note highlights many economic indicators that are flashing warning signs for history-aware investors. A thorough examination of history reveals