The Big Cycle: Reaching the Top

2026-01-23

We need to talk about money — what it is, how it works, and what its value is.

When it comes to gold, some people view it as a commodity to speculate on. But it’s so much more than that. It’s the second largest reserve currency in the world. And it’s an important hedge against risks to fiat currencies.

2026-01-08

So much of our current political and economic climate can be explained by debt cycles— and how those cycles build on each other over time.

I explain why in my new book, How Countries Go Broke.

But if you’d like more context on how all of these pieces come together, I recommend you watch my 30-minute explainer “How the Economic Machine Works” on YouTube.

You can watch the full video here:
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#principles #howcountriesgobroke #economics #debt

2026-01-07

What has always mattered most to me is getting as close to the truth as possible. You can’t make good decisions without good facts, and you can’t get good facts without being radically open-minded and willing to look at reality as it really is—not as you wish it to be.

In this conversation, I talk about why grounding your thinking in evidence, clear principles, and honest reflection is the foundation for meaningful work and meaningful relationships. When you let the facts speak louder than your ego, you make better choices, build better teams, and create better outcomes.

The world is constantly changing. The only way to keep up is to learn, evolve, and stay anchored in truth. That’s been my approach for decades—and it’s more important now than ever. @BloombergPodcasts

2025-11-21

The most important thing is that you have the life that you want to have. So, how you define success is important. There isn’t one path that’s right for everyone.

I was lucky in the sense that I fell in love with markets and playing the investment the game, which is what I’ve done for 50 years.

I recommend that people think about their own nature and what game they’d love to spend years playing. It’s okay to explore different paths—not everyone knows right away. Think of your journey as a process of discovery.

If you’re interested, you can find my full conversation with Bloomberg here. We discussed life, debt, global crisis, and the importance of investing in our oceans:

2025-10-29

The U.S.’s debts are on the edge of becoming unmanageable to the point where it could default if conditions are not changed.

But this problem isn’t a unique one. It has happened many times in history, which is why I believe studying the past is so important. The same cycles repeat over and over again, and there are important lessons we can learn from those experiences.

I recently met with Bloomberg @markets ahead of the UN Ocean Conference to discuss our debts, the possibility of global crisis, and the importance of investing in our oceans.

If you’re interested in learning more about our collective debt burden — and what steps we can take to solve these issues — I explain my thinking in my new book, How Countries Go Broke: The Big Cycle.

I hope you will read it and let me know your

2025-09-23

Gold is now the second largest reserve currency, behind the US dollar.

To understand why, you need to look at the history of fiat currencies (like the dollar) and hard currencies (like gold).

The way I see it, we’re currently facing a classic currency devaluation similar to what we saw in the 1970s or the 1930s. In both of those cases, fiat currencies around the world all went down together — and also went down in relationship to hard currencies, like gold.

If events today follow a similar pattern, that makes hard currencies an attractive asset to hold.

At least, that’s how it looks through my eyes. I’m curious to hear what you think.

You can watch the full conversation here: ?feature=shared

2025-08-18

If you’re not generous with others and others aren’t generous with you, you won’t have a quality relationship.

2025-08-01

My principles around investment risk are the same during periods of turbulence (like we’re seeing now with tariffs) and periods of calm.

The most important thing is to pick the size of your exposure. For me, it all comes back to finding 15 good, uncorrelated return streams.

#principles