Bitcoin in 10 Objects, Part 2

In yesterday’s note we reviewed the first part of our recent conference presentation about bitcoin, outlining real world objects that can help explain its rise and relevance. In case you didn’t …

Bitcoin in 10 Objects, Part 1

On Friday we gave a talk about bitcoin to a group of investment professionals. The audience ranged from large state pension fund managers, CFAs, noted academics and even a Federal Reserve president. …

Our CA Marijuana Store Experience

While Nick and I are in San Diego for a conference, we capitalized on the opportunity to visit some local marijuana dispensaries as they just started selling recreational cannabis on …

Cash Money Isn’t Dead Yet

The 500 Euro note is sometimes called “The Bin Laden”, but that moniker has nothing to do with the bill’s supposed role in funding terrorism. Recall that the euro currency began …

Marijuana Industry’s Latest Blow

Attorney General Jeff Sessions just threw a major wrench in the growth of the American legal marijuana industry. Before we explain how, here is some background. As states started legalizing recreational …

Index Weight-Watching in 2018

We’re starting the New Year with some weight watching, but targeted at popular global investment indices rather than waistbands. The key issue: as we kick off 2018, where are investors (perhaps …

Millennials, Midterms, and Markets

If Democrats want any chance of winning a majority in Congress next year, they need to rally millennials to vote for them. A tall ask for mid-term elections, as 80% of …