Just a month ago, nearly every headline warned that tariffs would drive inflation even higher, compounding the existing inflationary pressures. But in the past few weeks, the market has written a completely different story.
Using AI feels akin to having a great intern who can handle a vast array of tasks with remarkable speed. Whether it’s drafting documents, analyzing data, or extracting information, AI performs these tasks in a fraction of the time it would take manually.
Our investing principles start with Stay Invested and be Diversified, but those are simply guardrails against fear and anxiety, even protection against greed. This is applied through our “Core and Tactical” approach to portfolio construction.
Much of our trading activity is based on Macro forecasts. The main indicators we focus on are Inflation and Growth. Our main thesis of 2024 was that inflation would continue to rise, but at a slower pace than 2021 through 2023 (Disinflation). The foretold recession...
It is our belief that the investor who stays invested and stays diversified maintains the best opportunity for positive returns over the life of their investments. These beliefs inform our principles which we put into action daily.
It is my honor and pleasure to be able to serve you in this capacity, write to you quarterly, and to tell you more about who we are, what we are doing, and why we are doing it. I hope you find this newsletter enjoyable!