The Macro Value Monitor

Navigating a Foggy Cycle

The Importance of Being Earnest During a Secular Paradigm Shift

On Unintended Consequences and the Bond Market

Capitalization-Weighted Indexes are About to Have a Moment

The Initial Education from a Secular Pivot

A Margin Trap Has Sprung on a Generation of Investors

The Art of (Paying Less Attention to) Noise

Checkers vs Chess Amid an Inflationary Great Mistake