Essays
A collection of thoughts on financial markets, investment strategies, and economic trends.
2026
- A Rising Tide Won't Raise a Sinking Ship May 2026
- The Cost of Capital Just Went Up April 2026
- Spreading the Risk March 2026
- Sell in May and Go Away March 2026
- A Rolling Loan Gathers No Loss February 2026
- Equities and Oil February 2026
- AAGMM and Concentration February 2026
- Where Things Stand February 2026
- What to do after the SaaS sell-off January 2026
- The Path to 3% January 2026
2025
- It's All Over November 2025
- Concentrating on Risk November 2025
- A Hill To Die On November 2025
- The Comfort Trap October 2025
- Private Credit Narrative Violation September 2025
- Who Keeps Buying CBA September 2025
- Zero Lower Bound? Zero Upper Bound? September 2025
- Totally Addicted to FCF September 2025
- Private Markets: Round 2 July 2025
- Month on Month Volatility April 2025
2024
- Bitcoin vs the Aussie Experience December 17, 2024
- US Outcomes and Active Management November 25, 2024
- Are you ready to be gaslit? - Private markets October 21, 2024
- The Pain Trade August 23, 2024
- Rates and Moore's Law August 02, 2024
- Momentum and Nvidia June 21, 2024
- Geopolitics and Housing Costs May 24, 2024
- Priced to Perfection April 22, 2024
- The Housing Crisis - Where Are The Cranes? March 22, 2024
- How much risk do you need to take to achieve your return objective February 21, 2024
- The Cost of Omission February 21, 2024
- Predictions for 2024 January 19, 2024
2023
- Observations on China November 20, 2023
- The Roaring 20s November 20, 2023
- Path of maximum pain, searching for the stop loss October 20, 2023
- Stock Market Dispersion October 20, 2023
- The Master of Coin October 20, 2023
- Portfolio Management - Part 2 July 20, 2023
- A Man with no Horse June 20, 2023
- How to Burn $75m: A Venture Capital Masterclass April 18, 2023
- Residential property and living in Australia March 20, 2023
- How to buy the dip February 16, 2023
- Artificial Intelligence February 16, 2023
- Stop Buying Stocks, Pay Down Your Mortgage February 09, 2023
2022
- China Reopening Trade December 16, 2022
- Tech December 16, 2022
- Portfolio Management December 16, 2022
- Magellan November 16, 2022
- Crypto - Speedrunning Finance November 16, 2022
- Tech Feelings November 16, 2022
- Wall of Worry. Or is it more like a slope? November 16, 2022
- Tech & Multiples - The Wrath of Jerome October 17, 2022
- Unknown Unknowns May 03, 2022
- ESG April 19, 2022