Postcards: I Forgot...

Whether it's a popular restaurant or an asset class... never follow the crowd.

Dear Fellow Expat:

Okay… okay… okay…

I didn’t forget someone’s birthday.

I didn’t forget an anniversary.

But I’m scrambling.

Mother’s Day snuck up on me. I found a last-minute pedicure appointment for my wife, but then my daughter started crying.

She wanted to go too because her grandmother took her a few times.

Now I’m paying 2X for a six-year-old and mom to get their nails done.

Every restaurant is booked - including the one… our family owns.

So, it’s time to zag while others zig.

Maybe a picnic? Delivery? Join the waitlist at our own restaurant? Sit at the bar?

We’ll figure it out.

One thing’s for sure… we’re not following the crowd.

On The Crowd

The last decade has fueled the Bubble of all bubbles. Bitcoin, Ark Innovation Fund (ARKK), and FAANG stocks continue to defy valuation expectations.

As we’ve noted, you can thank all the processes that have expanded liquidity globally.

We can thank the Federal Reserve and U.S. Treasury for pumping an incredible amount of capital into the system …