Month

Hope all goes well… Merry Christmas. Happy Hanukkah. Happy Holidays. Happy New Year. To you and your families. Resurrected one of my favorite little memories, an opening note from Christmas past… Christmas Day 2013: “Santa slipped down the chimney. Left big boot prints in the ash that spilled across our hearth. And the jolly fella stuffed stockings. Built a train set too. Sprinkled magic everywhere. Moments before th

Anecdote: “Mao’s Great Leap Forward was intended to rapidly advance industrialization and agriculture output in China,” I said to a few of our investors. We had shifted from discussing near-term opportunities, and I turned to bigger, obscure possibilities. “They estimate 45mm died due to starvation and other causes. The economy collapsed. And I could never understand how such a thing could happen. Mao was surely inte

Hope all goes well… “No one wants to hear about markets anymore this year,” I said to Mara, my wife, editor, critic. “It’s been that sort of year. Exciting, exhausting. And at this point, people are mentally spent, I kind of am too,” I admitted. “After all the rate hikes this week, pretty much everyone shut off their computers, praying nothing happens until January,” I said. “Well then just write that to start your n

Hope all goes well… Cold but clear. We arrived early, for the March On, uncertain which side to support, a family divided. Liv entered the stadium first, lost amidst West Point’s Corp of 4,500 Cadets, in tight formation, company by company, filling the field at Lincoln Financial Stadium. Jackson marched in second, one of the Naval Academy’s Brigade of 4,500 Midshipmen. The game wouldn’t start for hours still. The par