In this edition of our series, we are focusing on two fundamental questions: Is the market stabilizing given the new reality of growth and inflation? Why has Putin’s delusional madness […]

Remirro de Orco was made the governor of Romagna by Cesare Borgia for one purpose: to silence rebellious voices and pacify an insurgency. Romero failed, and his body was found […]

What can we conclude from a week marked by a delusional war and high volatility, and what should we be preparing for? The first graph below portrays the YTD market […]

We thought to share with you a piece that we had posted in 2014, almost 8 years ago. We believe It is pretty relevant for the current circumstances. March 20, […]

In an effort to understand the delusional madness that has been on display since yesterday, and continuing the series that we started last week, allow us to share with you […]

Given yesterday afternoon’s Ukrainian developments, we thought to start with the conclusion of today’s commentary: Carl von Clausewitz addressed the issue of limited and absolute war in On War. The […]

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 […]

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 […]

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 […]

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 […]