Current Investment Themes

  • Aging Population
  • Aussie Debt Crisis
  • Canadian Housing Bubble
  • China Currency and Credit Bubble
  • Global Fiat Currency Debasement
  • Maturing Expansion
  • Millennial Wave
  • Monetary Policy Spread
  • New Oil and Gas Resources
  • Rise of the Machines
  • Security and Defense
  • Twilight in Utilities

*Current themes as of 11/15/17, subject to change. See our Investor Letters for descriptions of our macro themes and how we express them in the portfolios.