by Brian Jacobs | Jun 5, 2026 | Blog, Investment Concepts
Three boom and bust stories from American capital history. None of them is a forecast for AI. Each is here for what it says about how a portfolio survives whichever outcome arrives. In the 1830s, every state legislature in America agreed that canals were the future...
by Brian Jacobs | May 28, 2026 | Blog, Investment Concepts
A farmer who needs 40,000 gallons of water a day has a few ways to get it. One is a faucet stuck in the on position. Water flows continuously into a trough whether the farmer is there to use it or not. The hot sun overhead evaporates a portion of every gallon on its...
by Brian Jacobs | May 21, 2026 | Blog, Investment Concepts
In 1977, the U.S. Senate Select Committee on Nutrition and Human Needs released its Dietary Goals for the United States. The recommendations were straightforward. Eat less fat and replace those calories with carbohydrates. The guidelines were framed as cautious,...
by Brian Jacobs | May 13, 2026 | Blog, Investment Concepts
Most portfolios are decorated. Fewer are built by an architect. The difference shows up in the storm. A decorator works the surface. They pick what looks good in the current light and refresh it when tastes change. An architect works the structure. Load paths,...
by Brian Jacobs | Apr 27, 2026 | Blog, Investment Concepts
A reporter from Investment News reached out recently to ask about prediction markets after seeing my previous post, Structure Over Bets: How You’re Built Matters More Than What You’re Predicting. Specifically, they wanted to know if prediction markets are a new way to...
by Brian Jacobs | Apr 10, 2026 | Blog, Investment Concepts
Investors constantly ask us about the macro environment. Whether it is a spike in energy prices, a shift in interest rates, or a headline about geopolitical tension, the questions usually follow a familiar pattern: Are you making a bet on this? Are you positioned for...
