This Was Easy to Predict – Saudis and China

Most of the analysis we do at Deep Knowledge Investing is detailed and complicated.  People often ask me how long it takes to write a post.  The answer is it typically takes 1-3 hours to write something and days/weeks/months of research to know enough to have confidence in my conclusions. Sometimes, things just seem obvious…In … Read more

Do You Adapt to Changing Market Conditions?

I’ve worked for and run a variety of different hedge funds with multiple strategies: concentrated long-only, long-short equity, long-term value, special situations, growth investing, options-based hedging, and even risk arbitrage (betting on the results of an announced but not completed merger or acquisition).  The best investors have a clear understanding of what makes a good investment … Read more

Another Big Fed Rate Hike

As “expected” the Federal Reserve raised the fed funds rate by another 75 basis points (.75%) today.  We put “expected” in quotation marks because when we started writing about inflation ten months ago, the big Wall Street firms thought we’d get a total of 75 basis points of rate hikes for all of 2022.  We … Read more