Beyond the 60/40
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allocation
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May 5, 2026
The Price of Patience
I started the year expecting rates to drift higher and I continue to set my true north at 4.5%. This presents fundamental challenges to the Fed’s ability cut rates. I ran two studies to answer this question of what this means for private and public markets.
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Members
Apr 13, 2026
That 70s Show
For a long time, the market had a simple narrative all sketched out for Federal Reserve policy. Inflation cools, employment stabilizes, and the Fed delivers a steady cadence of rate cuts. But linear policy requires a linear world. But a structural oil shock... that upends how we will invest.
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allocation
Members
Apr 6, 2026
The Model Byron Wien Kept Under His Pillow
Byron used to joke that he kept it under his pillow. First thing every morning, he’d take a look. Not a complex options model. Not some proprietary algorithm. Just a simple dividend discount calculation that’s been around since 1959. I keep coming back to this tool because it works.
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