When looking to understand recent developments in the space industry – and the significance of changes that have come in part from SpaceX – it is important to first understand how satellites differ from one…

It’s a star, it’s a plane, it’s a…  If you look up at the night sky long enough, a “shooting star” might eventually catch your eye. This point of light is different though, because unlike…

The space industry is going through a period of rapid change. Advancements in technology, our constantly growing need for communication and a renewed interest in commercial satellite constellations has created uncertainty in the industry. And…

The very first thing a university student learns in Economics 101 is that an economy exists to efficiently allocate scarce goods. A corollary is that a financial system exists to allocate the scarce capital of…

We hope you and your loved ones are healthy and safe, wherever this note finds you. Governments across the globe are desperate to return life to normal as quickly as possible from the rolling waves…

12 months seems a lifetime ago. Then, across all portfolios, including those with allowances to invest in high yield, we were very conservatively positioned. In expensive markets, capital preservation and liquidity is our imperative. Canso…

We are joined by Heather Mason-Wood, Chief Strategy and Operating Officer, to discuss the main concerns a taxable investor faces in this low-rate environment. To learn more about the effects of low rates on investing…

We welcome you to the “Raging 2020s”. This is the best description we can come up with for what we think will happen in the year and years ahead. But you ask, why “raging” instead of…

We write this newsletter with President Trump of the United States back in the White House after being hospitalized for COVID-19. He was reportedly transported by helicopter “while he could still walk” to avoid the…