Client Portals

Week 37: Shifting Risk Curves, Teaching Robots, NBA Ownership Lesson

Sep 15, 2021 - Max Osbon ( 7 mins to read)

Briefing: The risk curve is shifting further out for investors. Bonds have become extremely unattractive, especially when compared to the historically risky asset classes. | AI models are learning more complicated tricks. | There's a new robot training to paint our streets. | The NBA is opening ownership to PE firms with significant limitations, highlighting the importance of the owner's mindse...

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Week 36: Keeping Up With Change, Less Inflation, and More Crypto

Sep 8, 2021 - Max Osbon ( 7 mins to read)

Briefing: Despite constant headlines of inflation, college tuition costs have barely increased. University tuition inflation is at 40-year lows and trending downward. | Ray Dalio's Pure Alpha fund returned just 1.8% annually for the last 7 years. He's largely missed the growth of emergent internet and technology trends. | El Salvador is taking a bold step forward with Bitcoin by making it a nat...

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Week 35: Global Shipping, Return to Work, And So On

Sep 1, 2021 - Max Osbon ( 6 mins to read)

Briefing: Global shipping issues are creating delays and pushing prices higher. This is a knock-on effect of the pandemic that will eventually return to normal. | Augmented Reality innovation includes a new laser projector small enough to fit into a regular pair of glasses. | Working from home... Global Shipping Bottlenecks As the Christmas shopping season approaches, you've probably seen...

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Week 34: Numbers Don’t Lie, You Now Own An NFT, Robots

Aug 25, 2021 - Max Osbon ( 6 mins to read)

Briefing: Vaclav Smil's latest book, "Number Don't Lie," is a treasure trove of interesting data and stories. | Visa's $150,000 Crypto-Punk NFT purchase this week is a sign of forward-thinking leadership. It also wasn't really that costly for the $500B market cap company. | General-purpose robots may be here sooner than you think; Hyundai and Tesla are the first leaders to step up. Insights ...

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Week 33: SPAC Bubbles, The Metaverse, Lumber, Poly Network Hack, and so on.

Aug 18, 2021 - Max Osbon ( 6 mins to read)

Briefing: SPACs are allowed to publish future revenue projections when they go public, which is causing some problems. | The Metaverse can be used to train autonomous robots. | Lumber prices are back below pre-pandemic levels after jumping to extreme heights. | Blockchain technology may prove useful in preventing money laundering.

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Week 32: Quirks of the S&P 500 & The Power Behind Meme Stock Upside

Aug 11, 2021 - Max Osbon ( 5 mins to read)

Briefing: The S&P500 is the biggest brand name in the investment world. It's known as the index that passively tracks the 500 largest public US companies, but that's not 100% true and the list of exceptions is growing. The very late addition of Tesla in December of last year is a prime example. | The options market is the driving force behind the unusual performance in "meme stocks." Noticea...

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Week 31: Investing In China, Zero G Manufacturing and Cloud Spending

Aug 4, 2021 - Max Osbon ( 4 mins to read)

Briefing: It shouldn't come as a surprise that investing in Chinese companies comes with the risk of intervention by the Chinese government. China is acting as an unpredictable investment partner. | Fiber optics will soon be manufactured in space to reduce imperfections. | Cloud spending continues to grow at a rapid pace, and it's not done growing yet. Chinese Tech Stocks: On the one hand, o...

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Week 30: Buybacks Over Dividends, AlphaFold Breakthrough and The First 3D Printed Bridge

Jul 28, 2021 - Max Osbon ( 6 mins to read)

Briefing: This week, three topics caught our attention. Equity yields are higher than reported. The S&P 500 dividend yield is approximately 1.25%, but when you include buybacks the yield is closer to 2.25%. Investors may not appreciate how the buyback yield is positively impacting them from both a tax and income perspective. AI is contributing to real scientific breakthroughs. AlphaFold is AI's...

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Week 29: Interest Rates, Venture Capital and High Yield Debt

Jul 21, 2021 - Max Osbon ( 8 mins to read)

Briefing: Following many decades of incredible success, venture capital investing is aggressively funding the next wave of innovative disrupters. The high yield rate, the rate that investors earn from buying "junk" rated companies, is the lowest it's been since 2007, which signifies very low bankruptcy risk. Where should future interest rates settle now that the 10 year treasury rate is back do...

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