Monthly Archives: January 2026

Our month-end letter for January discusses the links between private equity, private credit and elevated financial risks for the rest of us. The segment below offers a primer. Opacity and complexity in financial products often cloak elevated risk and even … Continue reading →

Empirical research suggests that expanded gambling access—particularly low-friction, online sports betting—has been associated with measurable increases in consumer financial distress, including higher bankruptcy filings in U.S. states following legalization. The evidence is strongest where gambling becomes more accessible and continuous, … Continue reading →

Far-reaching, worthwhile discussion in this segment. On episode 226 of The Compound and Friends, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Michael Batnick⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Downtown Josh Brown⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ are joined by Jeremy Grantham to discuss: stock market bubbles, the ups and downs of managing money, how the wealth … Continue reading →