Trump has entered the scorched earth phase of his presidency.

bantam inc jack duval multi-family office manhattan nyc - baron harkonnen image

Baron Harkonnen, no stranger to gangster moves.

After this week's events I have published a new video explaining what's going on and the market implications from here. Topics covered: The setup:Fed rate cut and accompanying comments;Trump's gangster move;Investment implications:The dollar;China;Copper;Oil;Gold;Bonds, and;Cannabis stocks. As always,

none of my comments should be considered an investment recommendation or investment advice. https://www.youtube.com/watch?v=ZJo1g9g44nQ&feature=youtu.be

"The transition starts before the transaction and continues after the transaction."

bantam jack duval manhattan new york multi-family office UHNW Stacy Feiner, PsyD - Head Shot

Stacy Feiner, PsyD

This is the second interview in our Entrepreneur and Family-Owned Business Interview Series. These interviews are designed to help entrepreneurs and family businesses think through the benefits, implications, and consequences of taking outside investment. As part of the project, I am interviewing private equity fund managers, middle-market investment bankers, attorneys,

accountants, and consultants that advise privately held firms. This interview is with Stacy Feiner, PsyD, a business psychologist with over 20 years experience coaching middle-market business owners through complex dynamics. Stacy has designed a system that helps grow and transition companies. In this interview, Stacy brings forth a number of…

The changing future is very much investable, and significant returns will be available for those who position themselves for it.

bantam inc jack duval multi-family office new york manhattan MFO - brave new investment world - 200 BC Europe

Tri-polar Europe circa 200 BC.

The Brave New Investing World paradigm is underpinned and propelled by the existence of a fading hegemon, the United States.  This does not mean the U.S. will collapse any time soon, indeed, the U.S. could continue to flourish for quite some time.  For instance, the U.K. did not sink into the sea after

the sun finally did set on the British empire, though it is a shadow of its former self. The transition from a world with a hegemon creating the conditions for globalization and integration to one of polyarchy, regionalization, and disintegration, will not be smooth.  In many ways,…

"Accounting is about telling the story of a business in quantitative terms."

I'm pleased to introduce our entrepreneur and family-owned business interview series. These interviews are designed to help entrepreneurs and family-owned businesses think through the benefits, implications, and consequences of taking outside investment. As part of this project, I am interviewing private equity fund managers, middle market investment bankers, attorneys, accountants,

and consultants that advise privately held firms. This first published interview is with Jim Elgart, CPA, who has over 20 years experience advising small and medium-sized businesses.  Over his career, he has served in many roles, including: CFO, founder, and investor in multiple entities.  Jim is a partner with MarthonCFO,…

Investors face a risk that has gone virtually unnoticed, unmentioned, unmeasured, and which from time to time destroys their capital.

Complexity Risk walks the investment world freely.

Five years ago I published a white paper entitled "Complexity Risk: A New Risk Category". In it, I defined "complexity risk" as the potential for an investment to generate returns that are different than those anticipated. Investments like short term U.S. Treasury bills are the least complex. Indeed, they're so simple

they don't even have a prospectus. You buy them and in three months you get your money back, plus interest at the stated rate. However, other investments appear to be just as simple but are wildly complex under the surface. Like Double Jeopardy, the investment "scores" can really change…