Month

Hope all goes well… Dusted off a David Bowie anecdote from 2023 about great artists (see below). How they help us imagine our many possible futures, and we then collectively conjure one from the nothingness. So many possible new worlds are taking shape; AI, crypto, domestic politics, geopolitics. A thrilling time to be alive, invest. I take July/Aug off from writing, to do more reading, recharge. Hoping the same for

Hope all goes well… Dusted off an anecdote from 2016 about the importance of combining loosely related things, triangulating, blending ideas, philosophies, techniques. I wrote it when Jackson, my oldest son, was playing football and lacrosse as a high school freshman. And now it’s Charlie’s turn, my youngest, who just finished a Navy lacrosse camp and is on to freshman football pre-season. I take July/Aug off from wr

Hope all goes well… Dusted off an anecdote from 2013 about taking reckless risks. A harrowing story from my early years in the Chicago commodity pits. When you’re highly overleveraged with big positions and praying to manage your drawdowns with tight stops, the one risk you can’t mitigate is a big market gap, which of course is the tail risk that is growing quarter by quarter as the pod shops proliferate. I take July

Hope all goes well… Milky Way overhead, vivid, alive, headlamps snaking their way up the mountain, rock, ice, snow. Summited the Grand Teton on Sunday with Mara, our kids, their friends, young pilots, Marines, guides, fifteen of us. Memories returned, of my early climbing days, before them all, what a journey it has been. Dusted off an old anecdote from one of those ascents in the French Alps (see below). I take July