The data centre demand surge, fuelled by the relentless march of artificial intelligence, is reshaping the investment landscape. While tech giants understandably capture most of the limelight, a less obvious player is emerging as a significant beneficiary: the utility sector. Recent developments suggest that U.S. utilities are poised to ride a wave of unprecedented growth.
Utilities: The Unexpected Powerhouse of the AI Era Read More »
When considering the investment market, we typically think of familiar options like stocks, bonds, or the fast-paced foreign currency exchange market. However, the investment landscape is changing, a shift that began even before the seismic volatility of 2022 disrupted most individual investors’ portfolios. Today, headwinds continue to build against the traditional portfolio mix of 60%
Unlocking Hidden Returns: A Guide to Alternative Investments Read More »
Buying Order In Chaos Chaos theory is an interdisciplinary area of scientific study and branch of mathematics focused on underlying patterns and deterministic laws of dynamical systems that are highly sensitive to initial conditions, and were once thought to have completely random states of disorder and irregularities. Chaos theory states that within the apparent randomness
Where’s The Edge II Read More »
The Natural Edge Of Time In his essay “Of Bamboos, Cicadas and the Economy of Adam Smith”, the scientist Stephen Jay Gould tells the story of a species of bamboo, Phyllostachus bambusoides that flowers and sets seed once every 120 years, a remarkable length of time. Even more remarkable is that all plants of the
Huge Asymmetry In Offshore Energy Since the days of the ‘fracking’ in the Midwest of the US that began more than a decade ago, the offshore oil and gas segment has seen a rough time as crude oil prices were priced lower and onshore production gained market share. In those days, it wasn’t uncommon to
The Long Tail, Cont. Read More »
In ‘Science, energy, ethics, and civilization’, the popular science writer Vaclav Smil (who Bill Gates’ is a fan of) wrote: “In 1922 Alfred Lotka (1880–1949) formulated his law of maximised energy flows: In every instance considered, natural selection will so operate as to increase the total mass of the organic system, to increase the rate
One of the hardest things to do is to hold divergent views concurrently, and there is a good non-zero probability that markets can continue to rip higher as we are not at sentiment highs and private sector liquidity conditions are somewhat opaque and hard to judge based on lags in economic transmission. In addition, liquidity
Cognitive Dissonance Read More »
The Nobel Laureate Colombian novelist Gabriel García Márquez writes in ‘The General in His Labyrinth’: “Today, under equal circumstances, my voice would not tremble to give the same order, nor would Europeans have the moral authority to censure me, because if there is a history watered with blood, indignity, injustices, it is the history of
Aventurarse A America Latina Read More »
One of the most pertinent issues of the current market cycle is the change of the traditionally understood relationship between fiscal policy and the macroeconomic dynamic. Macroeconomics 101 teaches that governments tend to use fiscal policies as countercyclical buffers – easing fiscal policy when the economy is slowing down and tightening fiscal policy when the
The Trillion Dollar Question Read More »
Nasdaq 2023 retraced 61.8% – 78.6% We managed to hedge the aggressive blow-off top highlighted in yellow, sparing us from much pain as we ran one of the most painful books in the fund management world: Long Energy & Commods vs Short Tech. Ending the month of June relatively unscathed is not the most ideal
Surviving the 2023 RIP Read More »