Fiduciary Asset Management in Secular Trends
Our investments in natural resources were driven by underlying supply and demand fundamentals, predating the Middle East conflict. If anything, war only underscores the importance of natural resources, essential materials underpinning our globally complex societies that wouldn’t function without them.
DetailsMost of the world is likely to overlook the emergence of this new bull market in natural resources (but you don’t have to) until its already had a substantial run, along with the margin-of-safety opportunities it presents today.
DetailsAs we look beyond the immediate future, a pressing question arises: Where will the United States source enough oil to meet its substantial demand over the next 5+ years? This is not a speculative or distant scenario; it’s a very real concern.
DetailsThe United States has transitioned from coal as its primary baseload power source to embracing natural gas. Natural gas stands as the number one primary source for baseload energy, and this trend is projected to persist for at least a decade or more.
DetailsThese long-term on-chain analytics of Bitcoin are extremely bullish. With a decreasing supply available for trading, which is at a record low percentage of all circulating supply, it will require less increased demand to drive up the price.
DetailsWhile it might be surprising, gold has outperformed the broad stock market indices (such as the S&P 500 and the NASDAQ) since their peak in 2021. Both indices are still below their highs, while gold is very close to reaching all-time highs.
DetailsPortfolio construction is an unquestionably important aspect of portfolio management.
DetailsWe are witnessing that today after a nearly decade-long period of low oil investment, with no signs of it abating, leading to global oil pumping capacity constraints and record low inventories.
DetailsFood, water, shelter, and energy are some of humanity’s most basic needs, yet energy is one of the most misunderstood markets in the world today.
DetailsIn the late 1990s, Warren Buffett’s Berkshire Hathaway started to buy silver in a big way.
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