Hope all goes well… It was New Year’s Eve, red moon rising, sixteen of us around a Kenyan campfire. Family, friends. I had asked everyone to share an important piece of advice they had received, how it impacted their lives. Each told a story, context. What we chose to share was as personally revealing as the advice was profound. Liv is a 5’4’’ woman in a 6’2’’ man’s world, outnumbered 4-1 at West Point, in constant c

Hope all goes well… Bitcoin ETFs were finally approved, an extremely important milestone on the path toward the integration of crypto technology/markets into the regulatory mainstream. Just as dotcoms and bricks-and-mortar converged, so too will crypto finance and traditional finance. With this approval, things start to really accelerate. Dusted off an anecdote from 2012 when the dollar was down near all-time lows. I

Anecdote: “As you know, I’ve been in the middle of every boom and bust for the past few decades,” said the investor, a unique talent, an opportunist of the highest order. “I have never seen anything like this. Not the dot com boom, not the housing bubble, not the FANGS, not even crypto compares.” We were sharing notes from our recent travels, triangulating, stalking opportunities. He was early to the data center boom

Hope all goes well… The small bush plane banked hard, our four children gasped at the giraffes along the airfield, a short patch of dirt on the Masai Mara, Kenya. We tracked a pride of lions, solitary leopards too, the apex predators, their prey. Each night brought roars, screams, skirmishes, deadly silence. A new killing, the cycle of life, routine, sublime. Our Masai trackers trained three years alone in the wild,

Hope all goes well… Wishing you and your families a healthy, happy, and prosperous 2024. Filled with adventure, challenge, volatility, introspection too. Dusted off an anecdote from 2011 that I reflect on at the dawn of each year, in preparation for what’s to come (see below). All the very best, E Week-in-Review: Mon: Christmas Day, Iran says Israeli airstrike in Syria killed top Rev Guard commander (Moussavi), PBOC

Hope all goes well… Merry Christmas, Happy Hanukkah. 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 the kiddies emerged, sporting thei

Hope all goes well… Fresh off yesterday’s exciting football game (Army 17- Navy 11), our family divided, dusted off a 2018 anecdote from a Marine Force Recon veteran about applying combat principles to investing (see below). Taking the rest of December off from writing, to gather the forces for what is sure to be an exciting 2024. Wishing you a little recharge too. All the very best, E Week-in-Review: Mon: ECB’s Cent

Anecdote: “My great grandfather and his family lived in the desert, in tents,” said the Emirati, a young man, soft spoken, with a quiet confidence, a calm. “My grandfather had no formal education, but he was curious, adventurous, interested in other cultures and traveled to many places, taught himself English.” Six of us ate dinner, sharing our life stories. “He brought many of the largest foreign companies to UAE an

Hope all goes well… “When I was a child, it was my greatest dream to someday own a used bicycle and ride it through my village,” said the Pakistani, whisking me through Abu Dhabi. “I was no higher than a common animal you see.” As he spoke, the fingers of his right hand drew together into the shape of a lotus, that gently opened as he completed each thought. “I knew only Pashto. Now English, with no formal education,

Hope all goes well… Dusted off an anecdote from 2014 about finding strength in humility (see below). Off to UAE. Back next Sunday with full wknd notes. All the very best, E Week-in-Review: Mon: Milei prevails in runoff to win Argentina’s presidential election, Moody’s revises Italy’s outlook to stable over wknd, US 20yr bond auction goes well, Pro-China parties failed to choose a unifying candidate for upcoming elect