Macro Minute

Heading into 2025 I would call myself cautiously optimistic. I have given my longer-term outlook before. To summarize, economic policy should be pro-growth, fiscal deficits should be economically stimulative, and the Federal Reserve should continue easing. While this is the longer-term view, I do have some concerns in a few areas. I will outline them […]

I had plans to tell a few stories of quiet savers that were disciplined investors for their whole lives. I was going to do this as a follow-up to the compounding post I made recently. When I went to go grab some stories to tell, I found that there are many examples of people who […]

A few weeks ago, we had our 30th anniversary celebration. It was so much fun seeing a room full of people that has made Longview possible. I want to say a huge thank you for trusting us to help you and for you making such a huge impact in our lives. As I listened to […]

Over the past three weeks I have been covering some general investing topics. Liquidity, micro and macro trends, and portfolio construction are great and all, but what is the point of doing this. Put simply, it is all about the compounding. The whole point of investing is to compound your capital at a greater rate […]

Today I want to talk about portfolio construction and why I choose to invest the way I do. To begin with, I look for investments that are different in the way they deliver returns. One could invest in just one asset and live with that return. Sometimes this works out wonderfully and you hear those […]

Last week I wrote about micro vs macro. This week I want to cover another important topic, liquid vs illiquid. This is a topic that is very important to me. I always look at the liquidity of an investment at the onset. I define liquidity as the ability to get the value of an investment […]

I want to explore and contrast the difference between micro and macro in investing and economics. To begin let’s look at micro. This can be either a single company, industry, or individual. This can also be your individual household, city, or state when examining economics. These situations are extremely important. These micro tendencies are where […]

This week I want to highlight a couple of cool charts I have seen lately and make some observations. This week I will keep it brief. First up is a chart from the Federal Reserve showing household wealth levels.  This chart corroborates the view that I have been talking about for weeks, the average household is […]

This week I want to dig into markets again. I don’t know what to say other than it has been quite some time since we have had so many macroeconomic players acting to stimulate the global economy. Let me dig in a bit about the new Chinese stimulus that is being rolled out. My friend […]

I have written a lot about the market and economy the last few weeks. I will make one simple observation. We can talk about market pricing and interest rates and unemployment, but in the end, it is all about if we fall into a recession. If we fall into a recession then asset prices could […]