Discover our latest insights into the global markets, investment management, and portfolio construction.

Our articles explore global markets, risk, and decision-making through a disciplined, long-term perspective.

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Market Commentary

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Paul Podolsky

War and AI Are Cuspy

10/11/2026

Market Commentary

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Paul Podolsky

Exporting A Higher Cost of Capital

10/04/2026

Market Commentary

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Paul Podolsky

Cracks Form

09/25/2026

Market Commentary

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Paul Podolsky

What We Know

09/18/2026

Market Commentary

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Paul Podolsky

Ebbing Asset Returns

09/11/2026

Market Commentary

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Paul Podolsky

He Doesn’t Have the Votes

09/04/2026

Market Commentary

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Paul Podolsky

Notes from the Road

08/28/2026

Market Commentary

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Paul Podolsky

A Conversation with James Wang on AI

08/14/2026

Market Commentary

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Paul Podolsky

Deceleration

08/07/2026

Market Commentary

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Paul Podolsky

The Flow of Money

07/31/2026

Market Commentary

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Paul Podolsky

Supply, Policy and Opportunity

07/25/2026

Market Commentary

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Paul Podolsky

Wars, Tightening, AI

07/17/2026

Market Commentary

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Paul Podolsky

The Next Shift

07/10/2026

Market Commentary

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Paul Podolsky

Letter from Estonia

07/05/2026

Market Commentary

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Paul Podolsky

The Big Reveal

06/23/2026

Market Commentary

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Paul Podolsky

Pessimism Priced

06/12/2026

Market Commentary

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Paul Podolsky

Tightening Changes Things

06/05/2026

Market Commentary

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Paul Podolsky

Learning from War

05/30/2026

Market Commentary

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Paul Podolsky

Productivity Shifts > Regional Wars

05/22/2026

Market Commentary

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Paul Podolsky

Tightening

05/15/2026