"When we long for a life without difficulties, remind us that oaks grow strong in contrary winds and diamonds are made under pressure." - Peter Marshall

In the world of investing the concept of volatility as a measure of risk is foolish. The entire investment world has been built around this concept and it’s ridiculous. Instead, the concept of anti-fragility as introduced by Nassim Nicholas Taleb in his seminal work, Antifragile: Things That Gain from Disorder, holds profound importance for investors.

The meeting in general is a masterclass in business, investing and general advice to live a rich, abundant and happy life. Most importantly we get an update from Warren Buffett on how our company is performing. This year felt a little different, Warren Buffett (93 years old) was without his business partner of 60 years, Charlie Munger, who passed away in November at 99.9 years old.

The Pilot’s Log is Back! Prior to covid we thought it important to send out more frequent communication, and well it’s time to reignite that effort. To that end, we are happy to share the first entry of the revived Pilot's Log based on a follow up to our recent Q1 commentary.

To read why Costco shoppers are buying as much as $200 million dollars worth of gold per month....read on.

Ensuring the resilience of our hard-earned savings demands a diversified portfolio that includes commodities, particularly oil or gold. US investors have been woefully unprepared for inflation with a historically significant under allocation to commodities…not us.

We know founders just starting their companies and others who have built up their businesses over decades. Most everyone thinks about selling. Maybe not today, but one day in the future they’ll be ready to turn their business over to another and start their next chapter.

Perhaps this makes us odd, but we do a great deal of thinking and brainstorming away from the computer. Really away from anything business related.

As stewards of our clients’ wealth, we act as river guides for private opportunities to help clients make sound investment decisions with their capital. In this environment, it's especially important to be discerning.

This is a crazy time, especially for business owners who are having to face tough realities and make hard decisions in an ever changing landscape.

Introducing, the Pilot’s Log.