The hottest Assets Substack posts right now

Schwab's revenue declined 19% in Q4, affecting net interest income and bank deposits.
JP Morgan saw a 10% increase in net revenue in Q4, contrasting sharply with Schwab's decline.
Net new assets for Schwab dropped 48% in Q4, possibly influenced by Robinhood's 1% transfer bonus.

Venture investing can be unstructured with limited data, requiring investors to develop independent conviction in opportunities.
Successful investors use mental models to structure thoughts and make better decisions, developing a unique approach based on a latticework of models.
Leveraging mental models inspired by seasoned investors can significantly impact professional growth and decision-making, creating structure in the chaotic venture environment.

Owning gold can be beneficial during uncertain economic and geopolitical times as well as when interest rates are low - except during liquidity crises.
The relationship between gold prices and the real 10-year yield is important to monitor, as high real interest rates may make holding gold more expensive.
In 2024, the potential scenarios for gold's price include a base case where rates go down, a bullish case with significant rate cuts, and a bearish case with stubborn inflation.

Don't keep too much cash, invest in different assets for better returns.
Set up an emergency fund in a savings account to be prepared for any unexpected expenses.
Invest for the long term to achieve financial independence, it's safer and more effective than short-term investments.

Intrinsic value is based on an asset's fundamentals like cash flows and risk. It's an estimate of what something is truly worth, independent of market prices.
Only assets expected to generate cash flows have intrinsic values. Things like stocks and bonds have intrinsic values, while collectibles like art don’t really have one.
Many experts focus on pricing based on how similar assets have sold before, rather than true value. This difference is important when valuing businesses or investments.

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Investments like gold, fine art, and collectibles don't generate cash flow and are driven by people's perceptions. They can seem appealing during financial crises when people lose faith in traditional assets.
In tough times, many investors turn to tangible assets like gold or collectibles to feel more secure about their investments. These items tend to hold value when other investments decline.
While these assets can serve as a form of insurance in a portfolio, their long-term returns can be low. It's smart to include them for diversity, but they shouldn't be the main focus of your investments.