There’s a story unfolding (mainly) across Europe that few want to talk about, but everyone can see if they look closely enough. It’s the story of educated young Italians packing their bags and leaving: not for a semester abroad or Read more
We just got back from holidays, and I have a story that perfectly captures why so many of us make bad financial decisions while feeling completely rational about it. It’s about a rental car in Morocco, but really it’s about Read more
A quick note from our sponsor: me.My coaching service is growing, and the feedback has been consistently positive: thank you! <3 But here’s something interesting: almost everyone who joins finds me through other creators, not through word-of-mouth from past clients. Read more
A quick note from our sponsor: me.My coaching service is growing, and the feedback has been consistently positive: thank you! <3 But here’s something interesting: almost everyone who joins finds me through other creators, not through word-of-mouth from past clients. Read more
Something kind of weird happened the other day, which gave me the perfect excuse to finally talk about something I usually keep over on Twitter: the democratization of private equity. Let’s back up. Private Equity — PE — started as Read more
Ben Carlson recently highlighted an uncomfortable truth: over the past five years, bonds have experienced one of their worst stretches in history. Yet, almost no one is screaming about it. Why aren’t investors sounding the alarm? What really pushed me Read more
I’ve never been fully sold on inflation-linked bonds. Historically, traditional bonds have delivered real, positive returns over time. And that makes sense: if investors are going to lock in nominal yields for years, they should demand a decent risk premium Read more
In April 2022, I introduced on this blog The Italian Leather Sofa Model Portfolio. As a reminder, here is the portfolio composition: The idea behind the portfolio is stolen from here. The link offers the best explanation of what I think Read more
Last week the Swiss National Bank pushed the policy rate back to 0%, a 25‑basis‑point cut that nudged sight‑deposit rates down to a whopping -0.05%. After nearly two years of gentle cuts, we’re tiptoeing once again along the edge of Negative‑Rate Read more
Last Friday, my family and I went out for Japanese food. Nothing fancy — okonomiyaki (what I call the Japanese vomit) sashimi in a bowl, the usual joy of trying to keep kids from knocking over soy sauce bottles. On Read more