Hunter
@lewisenterprises.bsky.social
Arena-adjacent, wannabe Jim Grant
A company that owns centuries-old jasmine fields, luxury resorts on the French Riviera, and a tugboat manufacturer. My conversation with @alluvialcapital.bsky.social now live on L.E. 👇
Extraordinary Physical Assets
Alluvial's Dave Waters on finding and investing in the irreplaceable
www.lewisenterprises.blog
April 16, 2025 at 11:41 AM
A company that owns centuries-old jasmine fields, luxury resorts on the French Riviera, and a tugboat manufacturer. My conversation with @alluvialcapital.bsky.social now live on L.E. 👇
Like Anton Chigurh tells Carson Wells, "You should admit your situation. There would be more dignity in it."
Trade wars and tariffs as an inevitability on L.E. 👇
www.lewisenterprises.blog/p/manifest
Trade wars and tariffs as an inevitability on L.E. 👇
www.lewisenterprises.blog/p/manifest
Manifest
The Inevitability of Trade, Trump & Tariffs
www.lewisenterprises.blog
April 14, 2025 at 4:32 PM
Like Anton Chigurh tells Carson Wells, "You should admit your situation. There would be more dignity in it."
Trade wars and tariffs as an inevitability on L.E. 👇
www.lewisenterprises.blog/p/manifest
Trade wars and tariffs as an inevitability on L.E. 👇
www.lewisenterprises.blog/p/manifest
"We speculate that the fintech boom will stamp an exclamation point on the culminating phase of this aging credit cycle. Some will lose their money, but all will participate in a living seminar on the nature of money and the distinction between money and credit." - GRANT'S
January 26, 2025 at 12:50 PM
"We speculate that the fintech boom will stamp an exclamation point on the culminating phase of this aging credit cycle. Some will lose their money, but all will participate in a living seminar on the nature of money and the distinction between money and credit." - GRANT'S
Fredrick Weyerhauser obit 1914 "He knew lumber and men."
January 14, 2025 at 7:43 PM
Fredrick Weyerhauser obit 1914 "He knew lumber and men."
Wild that every decent size asset manager pays a trader or "head of macro" a top quintile salary just to send a morning note out of copy-paste Bloomberg headlines and a chart from their prime broker.
January 12, 2025 at 7:27 PM
Wild that every decent size asset manager pays a trader or "head of macro" a top quintile salary just to send a morning note out of copy-paste Bloomberg headlines and a chart from their prime broker.
As REITs enter 2025, historic valuation gaps and sector divergence create compelling opportunities despite continued volatility. Examining why this could be a pivotal year for real estate investors on L.E.👇
www.lewisenterprises.blog/p/reits-2025
www.lewisenterprises.blog/p/reits-2025
Promise and Peril
REIT Themes for 2025
www.lewisenterprises.blog
January 12, 2025 at 1:02 PM
As REITs enter 2025, historic valuation gaps and sector divergence create compelling opportunities despite continued volatility. Examining why this could be a pivotal year for real estate investors on L.E.👇
www.lewisenterprises.blog/p/reits-2025
www.lewisenterprises.blog/p/reits-2025
"The good times, too, of high price almost always engender much fraud...people are most credulous when they are most happy; and when much money has just been made, when some people are really making it, when most people think they are making it, there is a happy opportunity for ingenious mendacity."
January 2, 2025 at 4:11 PM
"The good times, too, of high price almost always engender much fraud...people are most credulous when they are most happy; and when much money has just been made, when some people are really making it, when most people think they are making it, there is a happy opportunity for ingenious mendacity."
31% of the time, the market never falls more than 5% below the ATH.
January 2, 2025 at 2:30 PM
31% of the time, the market never falls more than 5% below the ATH.
January 1, 2025 at 9:37 PM
December 30th, really? just throw the damn towel already 2024.
December 30, 2024 at 1:07 PM
December 30th, really? just throw the damn towel already 2024.
Bluebeard - Kurt Vonnegut (1987)
December 27, 2024 at 12:21 AM
Bluebeard - Kurt Vonnegut (1987)
Reposted by Hunter
Must-read article not only for investing, but indeed for living.
Again, @lewisenterprises.bsky.social remains, to my mind, one of the most adroit and stylistically gifted commentators in our community, broadly construed, of people working in and “doing” finance.
open.substack.com/pub/lewisent...
Again, @lewisenterprises.bsky.social remains, to my mind, one of the most adroit and stylistically gifted commentators in our community, broadly construed, of people working in and “doing” finance.
open.substack.com/pub/lewisent...
The Most Important Thing
Year-end thoughts on making money, volatility, inflation & Build-a-Bear Workshop
open.substack.com
December 22, 2024 at 6:31 PM
Must-read article not only for investing, but indeed for living.
Again, @lewisenterprises.bsky.social remains, to my mind, one of the most adroit and stylistically gifted commentators in our community, broadly construed, of people working in and “doing” finance.
open.substack.com/pub/lewisent...
Again, @lewisenterprises.bsky.social remains, to my mind, one of the most adroit and stylistically gifted commentators in our community, broadly construed, of people working in and “doing” finance.
open.substack.com/pub/lewisent...
I have crossed the Rubicon into Real America™️ dispatches to follow...
December 25, 2024 at 12:50 AM
I have crossed the Rubicon into Real America™️ dispatches to follow...
Any tips for deluding yourself into believing your mustache looks good?
December 24, 2024 at 2:39 AM
Any tips for deluding yourself into believing your mustache looks good?
Reposted by Hunter
a great weekend and end-of-year reading by Hunter!
I recently told a friend my theory that most investors aren't motivated by money, he said "Obviously, otherwise we'd go sell medical devices!"
www.lewisenterprises.blog/p/the-most-i...
www.lewisenterprises.blog/p/the-most-i...
The Most Important Thing
Year-end thoughts on making money, volatility, inflation & Build-a-Bear Workshop
www.lewisenterprises.blog
December 22, 2024 at 2:42 PM
a great weekend and end-of-year reading by Hunter!
Reposted by Hunter
Prob my favorite one of the year, felt like he was talking directly to me
I recently told a friend my theory that most investors aren't motivated by money, he said "Obviously, otherwise we'd go sell medical devices!"
www.lewisenterprises.blog/p/the-most-i...
www.lewisenterprises.blog/p/the-most-i...
The Most Important Thing
Year-end thoughts on making money, volatility, inflation & Build-a-Bear Workshop
www.lewisenterprises.blog
December 22, 2024 at 3:49 PM
Prob my favorite one of the year, felt like he was talking directly to me
I recently told a friend my theory that most investors aren't motivated by money, he said "Obviously, otherwise we'd go sell medical devices!"
www.lewisenterprises.blog/p/the-most-i...
www.lewisenterprises.blog/p/the-most-i...
The Most Important Thing
Year-end thoughts on making money, volatility, inflation & Build-a-Bear Workshop
www.lewisenterprises.blog
December 22, 2024 at 1:59 PM
I recently told a friend my theory that most investors aren't motivated by money, he said "Obviously, otherwise we'd go sell medical devices!"
www.lewisenterprises.blog/p/the-most-i...
www.lewisenterprises.blog/p/the-most-i...
December is all about having an 8:30 call to talk about working on a draft, of an outline, for a report.
December 20, 2024 at 1:49 PM
December is all about having an 8:30 call to talk about working on a draft, of an outline, for a report.
Love 2 consume media, this is so great
December 20, 2024 at 2:18 AM
Love 2 consume media, this is so great
Industrial REIT multiples are getting pretty beat up. Most of these trading in the mid-5s cap rate range
December 19, 2024 at 3:59 PM
Industrial REIT multiples are getting pretty beat up. Most of these trading in the mid-5s cap rate range
Reposted by Hunter
seems like the big lesson to learn is that improving material conditions in an already-affluent society doesn't guarantee political stability like everyone expects in retail politics, sometimes quite the contrary even
December 17, 2024 at 9:47 PM
seems like the big lesson to learn is that improving material conditions in an already-affluent society doesn't guarantee political stability like everyone expects in retail politics, sometimes quite the contrary even
Reposted by Hunter
"we must adopt a Fukuyamist-straussian outlook informed by Kaleckian political economy to deal with post-materialist politics in the age of the attention economy" I mutter as the nurse ups my chlorpromazine dosage
December 17, 2024 at 10:32 PM
"we must adopt a Fukuyamist-straussian outlook informed by Kaleckian political economy to deal with post-materialist politics in the age of the attention economy" I mutter as the nurse ups my chlorpromazine dosage
> ERISA establishes fiduciary standard
> Fiduciary standard installs passive investing
> Asset management fees compress
> Dodd-Frank opens non-bank lending
> Asset mgrs become debt originators
> Savers equitize debt origination
> Demand for debt outpaces demand for equity
> Returns on debt decline
> Fiduciary standard installs passive investing
> Asset management fees compress
> Dodd-Frank opens non-bank lending
> Asset mgrs become debt originators
> Savers equitize debt origination
> Demand for debt outpaces demand for equity
> Returns on debt decline
December 17, 2024 at 5:25 PM
> ERISA establishes fiduciary standard
> Fiduciary standard installs passive investing
> Asset management fees compress
> Dodd-Frank opens non-bank lending
> Asset mgrs become debt originators
> Savers equitize debt origination
> Demand for debt outpaces demand for equity
> Returns on debt decline
> Fiduciary standard installs passive investing
> Asset management fees compress
> Dodd-Frank opens non-bank lending
> Asset mgrs become debt originators
> Savers equitize debt origination
> Demand for debt outpaces demand for equity
> Returns on debt decline
Getting social ads again for things like "beard oil" feels toppy tbh
December 15, 2024 at 11:56 PM
Getting social ads again for things like "beard oil" feels toppy tbh
"They don't ring a bell at the top"
December 13, 2024 at 12:33 PM
"They don't ring a bell at the top"