Month

Anecdote: “I’d been invited to a dinner with senior Russian officials,” I told a CIO on Friday, sitting in DC, sharing a story from London in 1992. I was a Lehman prop trader back then, and the West was in a nasty recession that felt inescapable, they often do. The savings and loan crisis had taken its toll. London cabbies talked of the need for another World War to pull us out of our latest civilizational tailspin.

Hope all goes well… “This is quite a blue town,” said the CIO in DC. I had asked him about the post-election vibe. “Most of the city is kind of mourning, and a narrower group is euphoric.” We were discussing the profound change that has already begun to unfold post-election. The range of unorthodox and anti-establishment presidential appointments, the many possible consequences, economic, military, geopolitical. DOGE

Hope all goes well… Pollsters predicted the tightest race in modern history, between two candidates with wildly divergent policies. Which means few portfolios were positioned strongly in one direction or another. So, with Trump winning resoundingly, the only thing we can be sure of is that the price of just about every financial asset is wrong. The only question is how many months of buying and selling will it take t

Anecdote: “Each stone here is a memory,” said the commanding officer. Thirty of us stood atop a granite mountain, in a semicircle, Hudson River to our east, West Point to the north, American flag flying overhead, black POW flag in its shadow. “And each stone also holds a lesson.” Mara and I joined Liv for a memorial hike in the lead up to Veterans Day. Her water polo team inscribed the names of fallen teammates from

Hope all goes well… The blaze was reported at 00:44 GMT on Wednesday. Fifteen firetrucks arrived quickly. Fourteen hours later nearby residents watched as exhausted firefighters left the second largest indoor shipbuilding complex of its kind in Europe. Four Dreadnought Class nuclear submarines are being built at the six-acre BAE Systems facility, to replace four Vanguard Class subs that are scheduled to be retired in