Today’s issue is a bit of a detour from what you might be used to. But we strongly feel it was worth alerting you to a growing trend we’ve been seeing in our asset management business, Glenorchy Capital. Over the past months, whenever a prospective client comes to us with their
Clients started sending us their 401(k) statements and asking what was in them. We looked at a lot of them, and they’re all more or less the same: four sleeves that look like diversification and turn out to be one position held four ways. The international fund holds the chip makers. The private equity has gated. The bonds are the part that reprices everything else. And energy and materials come to about 4% each. Here’s what’s actually inside a standard retirement plan, and why we think you should go and look at your own.
NEW PODCAST WITH CHRIS MACINTOSH To start, Chris’ thoughts on the most pressing geopolitical and macro topics. Chris joined Danny from CapitalCosm for what Danny described as packing 100lbs of isht into a 50lbs bag (or 46kg of isht into a 23kg bag for our non-American friends), including… Listen to the entire
🎙️ NEW PODCAST WITH CHRIS MACINTOSH Chris joined Danny on his CapitalCosm podcast for another check in on the markets, specifically: You can listen to the entire conversation on Youtube here. 📈 THE AGE OF EXPONENTIAL You’d be forgiven for thinking the chart below belongs to some hot AI stock — the kind
📊 VALUATION, BE DAMNED! If you only get one thing from today’s missive, watch this interview with investing great Joel Greenblatt. Buying what’s cheap and shunning what’s expensive sounds easy enough in theory. In practice? Not so much, otherwise we wouldn’t have just witnessed $86 billion get poured into SpaceX at 107x sales
🎙️ NEW PODCAST WITH CHRIS MACINTOSH We have another podcast with Chris to share with you this week. He recently joined Tom Bodrovics on the Competent Investor podcast. Here’s a smattering of the topics they discussed: Listen to the entire conversation on Rumble here. 🚀 “WHAT WERE YOU THINKING?!” We’d be remiss not to
🎙️ NEW PODCAST WITH CHRIS MACINTOSH Chris joined Christian White on his podcast… and as usual, no topic was off limits. A few of the things they chewed on: Pour yourself a glass of Malbec (or a cup of matcha latte) and listen to the entire conversation on Youtube here. 🐦 SOMEBODY’S GOTTA
🎙️ NEW PODCAST WITH CHRIS MACINTOSH Chris joined Danny on the CapitalCosm podcast. With a war reshaping global energy markets and Wall Street looking the other way, they had no trouble filling the time. Here are just a few of the topics they covered: If you’ve been trying to make sense
