Month

Anecdote: “The Strategic Asset Allocation approach to institutional investing has dominated for decades,” said Lone Star, passing another couple Ivy’s in the annual performance league tables. “In the coming 5-10 years it’s going to be replaced almost entirely by the Total Portfolio approach,” he said, talking my book, and anchoring the launch of our new Total Portfolio fund. “Optimizing across your entire portfolio a

Hope all goes well… “Builders make the most money,” I said at the luncheon, high in some tower, looking out over Dallas. “That’s why I’m sitting here today,” said the entrepreneur to my left, confident, smiling. “If you’re not building a company, the next best thing is to own equity,” I said to the oil, gas, tech execs, family offices. We discussed the new administration, geopolitics, markets, risks, opportunities, m

Hope all goes well… Dusted off an anecdote from 2021 about youth, technology, and what real revolutions look like (see below). Back next Sunday with full weekend notes. All the very best, E Week-in-Review: Mon: ECB chief economist warns “inflation could materially fall below target”. Incoming Energy Secretary in Trump administration expresses support for all forms of energy, including wind and solar power in confirma

Anecdote: “I’ve been here all my life, never left, and I’m not leaving now,” she said. It was 2008, Santa Barbara, California. She was our neighbor, an old widow, kind, stubborn, proud. “I’ll be fine, but you all get going. I’ll be here when you get back,” she said, waving me off. Mara had packed our four kids in the car, flames in the hills, the sky blood red, our car covered in white ash. “Ask her to come with us o

Hope all goes well… “I was really worried from the beginning about becoming this sort of decider of what is true in the world,” said Mark Zuckerberg. “That’s kind of a crazy position to be in for billions of people using your service,” continued Meta’s CEO, racing to adopt Musk’s approach to crowdsourced fact-checking on X. Zuckerberg is moving content moderation people to Texas to address user’s concerns over libera

Hope all goes well… Thinking about the year ahead, trade conflict, industrial policy, existential technology competitions, great power conflict in the coming age of AI. And I recalled an anecdote from 2017, back when these frictions were just beginning to be brought to light and called by their proper names (see below). Back next Sunday with full weekend notes. Wishing you all the very best in 2025, Eric Week-in-Revi