The Depth Report – The New Inflation Number is Huge – And is Understated

Overview: The US Bureau of Labor Statistics just announced the March Consumer Price Index (CPI) at 8.5%, the highest number in just over 40 years.  Some government officials are pointing to the core number excluding food and energy (for people who don’t use either?) of “just” 6.5% which is the highest number in just under … Read more

The Depth Report Bitcoin 2022 – How I Learned to Stop Worrying and Abandon Fiat Currency

I spent most of last week at the Bitcoin2022 conference in Miami.  A few notes on the experience:   First, the amount of enthusiasm, energy, capital, and intellectual horsepower behind Bitcoin, cryptocurrencies, the blockchain, and the developing applications of these technologies is incredible.  For those of you who haven’t seen it yet, there are enormous … Read more

Bitcoin 2022 Conference in Miami

Hi All, I’m heading to Miami tomorrow for the Bitcoin 2022 conference.  Michael Bucella, Partner at BlockTower, who did a webinar with Deep Knowledge Investing last summer will be there as well as Anthony Pompliano who helped publicize our white paper on Bitcoin.  It should be a fantastic opportunity to learn a lot in four … Read more

The Depth Report – In Which We Tempt Fate by Disagreeing with Nassim Nicholas Taleb Regarding Bitcoin

Overview: Nassim Nicholas Taleb is one of our intellectual heroes.  His books, which include The Black Swan and Fooled by Randomness, constitute some of the best thinking and writing on risk in general, and financial risk in particular.  He’s been publicly negative on Bitcoin, and while that is a respectable point of view, we disagree … Read more

The Depth Report – Why We’re Buying Bitcoin – Update

Overview:             On November 9th, 2020, we published the original version of this article on Bitcoin.  In the less than 2 months since we wrote that piece, Bitcoin is up 115% from $15,480 to $33,217 as of this writing.  Despite the significant increase in price, we see further value, and are updating the “Return Potential” … Read more