R&D: A Long-Term Investment

Published on November 3, 2026

Innovation takes time—very often years—and can be expensive. For example, it wasn’t so long ago that Nvidia was considered to be just a gaming company. Today, it is one of the largest companies in the world with a dominant position in hardware and software tools powering the artificial intelligence (AI) revolution.

Continue reading on website
Other news

What the Zero-Rate Era Left on Your Shelf

November 3, 2026
I spent the majority of my time in the retail bond business during the zero-rate period. The problem during that time was fairly simple. A bond would yield about 1.5%, while a retiree would need about 5%. There had to be a solution, and Wall Street was quick to provide it.

QuantStreet November 2026 Letter: AI Worries

November 3, 2026
With the one constant being that gold fell again, this time by 6.6%, October’s price action is a mirror image of what happened in markets in September. In September, tech and momentum led the charge higher, with anything value- or rate-related leading the selloff. October was the exact opposite.