Excited to share my thoughts on markets and solving complex challenges for organizations and families.

Well consider me marked!. I am constantly blown away by the ways in which the Lord will make himself known. In the words of one my friends, "I am humbled and blessed to be here.".

Not so coincidentally, I am on day eight of a kind of "fast" (The 75 Hard Challenge), and every night I have been reading the Bible and praying for Jesus to draw near and mark me.

Here is the security footage. At the two second mark you can see the pre-discharge ionization. At the eight second mark you can see the bright, blue lightning strike within feet, maybe inches of my foot.

I shuffled sideways, and a massive ball of light exploded around me, followed by a loud thunderous bang. Somehow I wasn't hit.

On my way back, 20 feet in front of my lobby, I suddenly heard this metallic and static crackling. My subconscious knew it was lightning, and I was in trouble.

I went to grab some quick dinner to bring back to the office. It was warm, wet and a little rainy outside. I was offered an umbrella; thank God I declined.

I had a near-death experience two nights ago in Midtown Manhattan. Lightning missed me by a few feet (certainly God intervened), and I have it all on video!.

Beginning to become obsessed with executing the below. I would add prayer and Bible reading as well. I am moving firmly to the camp that media dulls our brains.

I am beyond exited to hear @BillAckman and @JJRPermCap speak tonight in Charleston, SC. I hope you got a seat because the event is at capacity.

I’ve been off X these past two months so I could help plan our VINE conference. It has been smashing success so far - excited to share more in the coming weeks.

From the desk of our CIO, John Regan - . "I went to the Zips Car Wash and found it permanently closed. Most normal humans would simply ask, “Where is the next open car wash?” Of course, I am afflicted with 35 years of investment experience and my immediate reaction was, “Who owns.

And it wouldn’t be a call with @JeremyDSchwartz unless we walked through his PATH tool—which, I must say, is always great to look at.

I keep posting about margin of safety as U.S. equities get more concentrated & expensive. Jeremy and I debated the right Japan allocation versus the current benchmark weight of 5%—anchored on an 8% expected return (carry + dividends). Could it be possible Japan is still under.

This isn’t just theoretical. Japanese equities have had periods of outperformance—especially when hedged. Hedged Japanese equities have kept pace with the S&P since the start of Abenomics (my original chart)

Why? Three key reasons:. *3-4% carry advantage on a hedged basis.*Higher dividends & buybacks .*Cheaper valuations, with corporate governance reforms driving better ROE.

In the spirit of continuing to provide interesting bits from my day-to-day, I had my quarterly call with @JeremyDSchwartz , Global CIO of WisdomTree, today. His hottest take? . A hedged basket of Japanese exporters could outperform the U.S. over the next decade.

This is an awesome thread - as an avid poker lover - thinking about sizing, risk management and thesis change are interchangeable - ultimately both poker and investing are about approaching information with your emotions muted. Thank you for writing this @pernasresearch.

Lastly - I am new to posting my thoughts to Twitter but have admired @BobEUnlimited approach from afar. It was very cool to get a few minutes with him and hear about how he had built his firm and his career. As a guy still making his way - these conversations are always very.

How does this all tie back to gold? . Many institutions allocate heavily to illiquid alternatives, but hesitate to hold something as liquid as gold, which has historically been a useful diversifier in times of crisis. Something to think about.

It’s an interesting perspective. Liquidity constraints often go unnoticed until they become an issue. A broader question: Do institutional investors overemphasize exclusivity (2 & 20) and undervalue liquidity?. I think we are beginning to understand the answer to this as.