Canceling the Noise; Not by Bread Alone
Introduction: Given the market volatility, we will start posting, on an ad hoc basis, a very short commentary whose purpose would be twofold: First, to cancel out the loud noises in the marketplace – which can only be confusing – by focusing on the most...Put(in)s and Calls and Getting Ambushed by the Future: A Machiavellian Win-Win Strategy in the Midst of Market and Geopolitical Turmoil
In two of our January commentaries, we discussed some fundamental reasons that make us skeptical of a continuous market upswing, as well as some reasons that make us consider a continuous selloff as an opportunity to acquire some solid names at cheaper...Market Gyrations: Underlying Causes and Spillover Effects
Yesterday’s market moves could be well-characterized by one word: Wild. By early afternoon, all major indexes were approaching correction territory, trending down more than 10% from their recent highs. At some point, the Nasdaq was down almost 5% for the day, and the...Investment Landscape 2022: Market Epicureans vs. Market Stoics
Strato of Lampsacus stepped out of the boat that had just docked at the Alexandria, Egypt port. At that moment, he knew that this was the right place for the rejuvenation of Aristotle’s Lyceum that had lost its shine and influence in Athens. The proper study for the...Contemplating an Allegory on Money, Markets, Worldviews, and the Principle of Li: A Conversation Among Joseph Schumpeter, Hermas, Pieter Bruegel, and James Maxwell
As I was approaching the gate at the Colorado airport for the flight to Sao Paolo, I was curious to see who my co-travelers would be this year. When the invitation for this year’s flight arrived just before Thanksgiving, the subliminal message was that Maxwell and...Sign Up for Our Publications
