Intelligence Density: Why the Next AI Breakthrough Will Come From Relationships, Not Bigger Models July 12, 2026 For most of the past decade, artificial intelligence has been measured the way children measure strength. Bigger must be better. More parameters. More GPUs. Larger context windows. More data centres consuming enough electricity to power small cities. The … Read more
Perception Shapes Reality July 11, 2026 Perception Rules Everything Perception rules everything. If a person believes the world is dark, hostile, and falling apart, then that is the world they will experience because every piece of information they encounter is filtered through the mental framework they already possess. You can present data, statistics, evidence, and … Read more
Why Bayesian Investors Keep Beating Everyone Else July 11, 2026 One of the biggest mistakes investors make is believing that markets reward certainty. They do not. Markets reward investors who assign better probabilities than everyone else and, more importantly, who are willing to update those probabilities as new evidence emerges. That distinction may appear subtle, … Read more
Why Three Unrelated Events May Be Reshaping the Global Order July 10, 2026 Most events, when viewed in isolation, carry very little significance. Markets have a habit of overreacting to individual headlines before quietly moving on to the next crisis, scandal or political drama. We generally ignore these episodes because they rarely alter the long-term … Read more
The Snake Oil Phase of Artificial Intelligence July 10, 2026 Every technological revolution passes through a period where reality and marketing drift so far apart that investors begin confusing promises with products. Railroads had it. The dot-com boom perfected it. Cryptocurrency experienced it. Artificial intelligence has now entered its own version, where almost every company … Read more
The Tactical Investor TICAF REIT Rankings 2026 July 11, 2026 The Best North American REITs Through the Tactical Investor Capital Allocation Framework (TICAF) Every year investors ask essentially the same question: Which REITs should I own? It sounds sensible enough, but it is also the wrong question because the highest-yielding REIT is rarely the best … Read more
Cognitive Density: Why the Next AI Revolution Won’t Come From Bigger Models July 9, 2026 The first generation of artificial intelligence was built on a remarkably simple assumption. If intelligence emerged from scale, then the obvious solution was to scale everything: more parameters, more GPUs, more electricity, more data centres and more internet data. For … Read more
An Industrial-Scale Narrative Wrapped in Cow Dung July 8, 2026 Long story short, as we noted in the last Market Update, several members of our team and I spent the better part of a year dissecting the AI story, separating genuine technological progress from the marketing narrative that has engulfed it. The conclusion we reached … Read more
Dark Horse Commodities: Why Palladium and Platinum May Be the Market’s Most Misunderstood Opportunity July 7, 2026 Every bull market has its celebrities. The headlines chase whatever has already moved, analysts compete to raise price targets after the rally has taken place, and investors convince themselves that yesterday’s winners will somehow continue winning forever. Meanwhile, … Read more
The Longevity Illusion: Why the Best Anti-Aging Therapies Were Never Hidden July 6, 2026 The Search for the Miracle Every few months a new molecule captures the public’s imagination. One year it is resveratrol. Then NAD+. Then NMN. Then taurine. More recently the headlines have shifted toward cellular reprogramming and gene therapies that promise to … Read more
