Making an Impact

Making an Impact

Investment returns are measured in percentages, but dollars make an impact On a recent earnings call, one of our companies’ CEOs said “we bank dollars, not percentages.” Often, financial numbers like margin and rates of growth are shown as percentages, but he was...
Making an Impact

Demystifying Banks, Custodians & Brokers

What do Banks, Custodians, and Brokers actually do? The last few weeks have brought heightened scrutiny of the companies we trust with our money. Each time there are high profile bank failures – today, 2008, the S&L crisis – savers, investors, and regulators are...
Making an Impact

Headlines vs History

A lot can happen in a week, but is it important? Last week offered an extreme example of the futility in trying to trade on headlines. At the start of the week, the election dominated headlines, and a red wave was assumed to be incoming. Conventional wisdom was that...
Making an Impact

Isn’t that a little – banal?

Investing for the long-term isn’t always exciting When talking to a client about venture capital investment, and the excitement of being involved in the startup world, I was reminded of a story from Jon Krakauer’s book Eiger Dreams.  The scene is a smokey french bar...
Making an Impact

Cryptocurrencies

Investment opportunity, disrupter, fad? Twelve years ago, in the depths of the financial crisis, a white paper titled “Bitcoin: A Peer-to-Peer Electronic Cash System” was published under a pseudonym. The next year, software was released making Bitcoin the first...