“This is the industrial revolution.” - Jensen Huang, Nvidia CEO Every article and talking head is now debating, "Is AI a bubble?" We believe "yes" and "no" - in a way that reminds us of our experience investing through the internet bubble 25 years ago. (Yes, we're that old.) In the following video Steve shares our nuanced view and how we're positioning client portfolios along a path less traveled - one we believe allows us to profit regardless of which AI model or technology

"In absolutes, we may lose our way… The patterns could guide and they could trap. One had to remember that patterns change."- Frank Herbert   Children of Dune The New Power The past century has been about soft power. Those who had brains and influence conquered the old brutes who had the hard power. Software companies became more valuable than energy companies. Yet, the confluence of AI, stablecoins/crypto, EVs, and deglobalization may be reversing that reversal. And that mat

"Nothing, however, can be more absurd than this whole doctrine of the balance of trade... When two places trade with one another, this...

"Knowledge itself is power." - Sir Francis Bacon (1597)   "Power itself is knowledge." - Fielder Capital (2025) March Madness Comes Early...

Our Predictions for Election Day We aren’t political analysts, but we do have the conviction to make this one prediction about today’s...

Good Times? Are these good times or bad times? Depends on whom you ask. Wages are up 23% since just before COVID. Yet, this hasn’t kept...

“Indexing can't work well forever if almost everybody turns to it. But it will work all right for a long time.” ― Charlie Munger ( 1998 )...

“Every victory is only the price of admission to a more difficult problem” ― Henry Kissinger   Markets hit new highs recently now that...

Banks: The New Public Utilities Following Silicon Valley Bank's failure earlier this year, banks have been less willing to make...

"If the origin of the problem was too much debt, how can a policy that encourages the private and public sectors to accumulate more debt...