In the August 2021 edition of the newsletter, I: 1. Discuss the increasingly frothy state of venture capital 2. Outline a case against...

"In first quarter [of 2020] we actually showed a loss of almost $50 billion. I never thought I’d ever see a figure like that. And...

This newsletter contains our annual review of the crazy year that was 2020. In this edition, I: 1. Review the performance of my own...

In this newsletter, we discuss why emerging market stocks, despite trading at lower valuation multiples than stocks in developed markets,...

In our latest newsletter, we discuss the hidden cost of ever-lower interest rates by examining changes in the US housing market over 30...

In our second newsletter, we offer an update on the markets in the wake of the arrival of COVID-19. We discuss adding selectively to...