Finding Fat Pitches as More Things Break

Good morning…

Welcome to all the new readers here.

I am on a flight this morning back to Phoenix from New York. I am a creature of habit in New York (actually always and everywhere), but mixed things up this week trying to new hotel and neighborhood on upper east side at ‘The Lowell’. I ran into my good friend Jud Valeski (Boulder) at The Crosby and he recommended me trying it so we could be closer to Rachel. Ellen and I really enjoyed it.

This weekend Ellen and I celebrate our 26th anniversary which is something. I have been on the road now a month so it will be good to sleep in my own bed.

I get paid to invest and return capital to investors so I have been focused on finding the next fat pitches. Apple remains a fat pitch I my stock portfolio.

I have had no BIG aha moments on my trip around the globe. The trends I have been focusing on the last year continue to excite me. Wealth management, luxury and degeneracy are my focus. The productive creator, new media (deep, niche and lean), cycling (fashion, travel, experiences) and golf (fashion, formats , experiences and gambling) continue to be my hobbies and passions as empty nest life continues. No doubt healthcare is always creeping in to my life now and I am glad my partner Gary has made investments in the space the last few years which has forced me to be more inquisitive and curious as I talk to founders and friends.

I relied on the same apps as always - Maps, Camera, Photo, Twitter, Stocktwits, Whatsapp, Telegram, Venmo and Spotify. Apple has me wrapped and bundled and satisfied as a customer. My iPhone and Macbook Pro 15 inch - 3 year old machine - and Airpods are all the hardware I needed. Actually, my Manscaped beard trimmer is a new must have and I love it.

I still do not need an iPad and did not take one along. I also don’t have a watch, but am considering one for my fitness and safety while riding. I do think by next year I will be wearing some form of stylish Apple sunglasses.

Apple does not own my wrist (yet) but owns my eyes, fingers, ears and pocket and soon a lot of my wallet. They are also coming for our eyes.

I write, podcast, and travel to make sure my strong opinions remain open to change.

For the last year as rates have shot higher, I have been paying more attention to global macro friends. I have had Lewis Johnson on my podcast a lot over the last few years and he has helped me see things more clearly for sure. Lewis is a big fan of Hugh Hendry and I stumbled upon this recent video of his while scrolling on my Twitter feed today. It is a great watch/listen.

Forgetting his actual ideas and positions (I do own some Bitcoin), with short term treasury rates at five percent, global macro DOES matter and his riffs rang true to me . I totally love his style too for the appearance with the yellow glasses and 'acid capitalist' hat.

Like Hugh, I think more things will break. I do not think the run on regional banks is ‘the’ thing. That said, two things can also be true - more things can break while a lot of stocks go up and great seed investments are made.

Have a great Friday.