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Oh, My, Cron!

/ December 3, 2021

Sorry to break it to you, Omicron, but you’re not the second coming of Delta.  As more information comes out, it appears you are a mere virus and not a serious crisis.  If you’re feeling full of yourself based on the rapid vaporization of the multitude of Crazy Over-Priced Stocks (COPS)—which are suddenly not nearly as over-priced—you are not the main driver of this reality check, at least in my view.

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A New Playbook for VC? (Part II)

/ November 12, 2021

The modern venture capital industry, popularly referred to as “VC”, is known for leading early-stage investments in some of the most innovative ideas of the 20th and 21st century. But for an industry that’s been so successful at backing innovators, the industry itself has done very little to innovate…until recently.

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The Case for Greenflation

/ November 5, 2021

In this week’s EVA, we are running a special podcast edition of David Hay’s recent interview on MacroVoices with hedge fund manager, Erik Townsend. The conversation shines the spotlight on a phrase coined by Dave, “Greenflation”, but also touches on stocks, precious metals, and more.  For time-pressed EVA recipients, below is a summary of Dave’s key comments, basically an abbreviated transcript.

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Green energy: A bubble in unrealistic expectations?

/ October 8, 2021

As I have written in past EVAs, it amazes me how little of the intense inflation debate in 2021 centered on the inflationary implications of the Green Energy transition.  Perhaps it is because there is a built-in assumption that using more renewables should lower energy costs since the sun and the wind provide “free power”.

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