Thanks Arjun. I was very curious to hear this post.
When I was an advisor I always took the long view and tried to understand the deep, structural, issues in the market I was analyzing and buy/sell when sentiment pushed things too far out of range. An event would happen and the client would call, we would reaffirm our agreement on the fundamentals of the market, discuss the event that had pushed the market temporarily in one direction or another, and then agree that it would eventually revert back to whatever condition was dictated by its fundamental structure (e.g. bullish, bearish, stable, volatile, etc.). The challenge I found with this approach was that it didn't get me lots of new clients because the bar to entry was high (it was a lot of upfront work for clients to thoroughly study a market) and our conversations were infrequent (fundamental structure doesn't often change); meanwhile the advisors who had a new hot take every day would get new clients easily because they always had a cool new urgent thing to say, but they'd lose the same clients just as easily when some new shiny investment came along or their market crashed. I ended up with a book of a few select clients who took the long, patient, view (usually expert, deep contrarians), and I really enjoyed those relationships.
All that to say I enjoy your long-take approach, it's something that is so rare in this industry.
100% with you Investor. If I use Super-Spiked as an example, if I were to go hard-core pro-Trump or anti-Trump or pro-oil & gas and everting else is dumb or pro-climate, anti-fossil fuel, or an infinite number of related examples, I would have more subscribers. The nuanced, long view is not for the masses. In the context of Veriten, it is aligned with how or why our clients interact with us.
It is subscribers like yourself that keep me going and motivated to publicly publish nearly every week. Thank you!
Imperfect as they may be as allies, I’m optimistic that this turn in geopolitical history will present an opportunity for the Saudis, Emirates, and maybe even Iraq, to wrestle power away from the radical Shia Islamists who have wreaked so much chaos in the region. An advancing Middle East is exciting for humanity, but only if it can provide basic liberties for ALL people. Perhaps Israel’s crippling blow to the Mullahs will provide such an opportunity.
Thanks Arjun. I was very curious to hear this post.
When I was an advisor I always took the long view and tried to understand the deep, structural, issues in the market I was analyzing and buy/sell when sentiment pushed things too far out of range. An event would happen and the client would call, we would reaffirm our agreement on the fundamentals of the market, discuss the event that had pushed the market temporarily in one direction or another, and then agree that it would eventually revert back to whatever condition was dictated by its fundamental structure (e.g. bullish, bearish, stable, volatile, etc.). The challenge I found with this approach was that it didn't get me lots of new clients because the bar to entry was high (it was a lot of upfront work for clients to thoroughly study a market) and our conversations were infrequent (fundamental structure doesn't often change); meanwhile the advisors who had a new hot take every day would get new clients easily because they always had a cool new urgent thing to say, but they'd lose the same clients just as easily when some new shiny investment came along or their market crashed. I ended up with a book of a few select clients who took the long, patient, view (usually expert, deep contrarians), and I really enjoyed those relationships.
All that to say I enjoy your long-take approach, it's something that is so rare in this industry.
100% with you Investor. If I use Super-Spiked as an example, if I were to go hard-core pro-Trump or anti-Trump or pro-oil & gas and everting else is dumb or pro-climate, anti-fossil fuel, or an infinite number of related examples, I would have more subscribers. The nuanced, long view is not for the masses. In the context of Veriten, it is aligned with how or why our clients interact with us.
It is subscribers like yourself that keep me going and motivated to publicly publish nearly every week. Thank you!
Imperfect as they may be as allies, I’m optimistic that this turn in geopolitical history will present an opportunity for the Saudis, Emirates, and maybe even Iraq, to wrestle power away from the radical Shia Islamists who have wreaked so much chaos in the region. An advancing Middle East is exciting for humanity, but only if it can provide basic liberties for ALL people. Perhaps Israel’s crippling blow to the Mullahs will provide such an opportunity.
Happy Father’s Day everyone!
100% NTX. it's never going to be a straight line of course. But the direction of travel is certainly not what it was 20 or 40 years ago.