Microblog from Tocqueville

United States Asset Management

by | Nov 6, 2025 | Insights, Microblog

Since the beginning of 2025, the U.S. government has taken stakes in five publicly traded companies: U.S. Steel, MP Materials, Lithium Americas, Trilogy Metals, and the once-tech titan, Intel. All “in the interest of national security.” The last time this type of...
American Exceptionalism

American Exceptionalism

by | Feb 4, 2025 | Insights, Microblog

In financial markets today, the term “American Exceptionalism” has gained momentum, and rightly so, as shown in the chart below as well as in U.S. equity market returns compared with the rest of the world. Still, it can be argued that valuation for the S&P 500 is...
Why Everything Everywhere All at Once isn’t just a movie — it’s the market: John Petrides’ Interview for Quartz’s “Smart Investing” series

Why Everything Everywhere All at Once isn’t just a movie — it’s the market: John Petrides’ Interview for Quartz’s “Smart Investing” series

by | Dec 23, 2024 | Microblog

In a recent interview for Quartz’s “Smart Investing” series, John Petrides draws parallels between the movie “Everything Everywhere All at Once” and the current state of the financial markets.

Just as the film navigates multiple universes, investors today face a multitude of market scenarios, from small caps to healthcare. Petrides emphasizes the importance of diversification and strategic planning to effectively manage this complexity.

For a deeper dive into these insights, read the full article here.

Regimes Change, Processes Don’t

Regimes Change, Processes Don’t

by | Jan 30, 2023 | Microblog, Insights

We hope that this finds you well and that 2023 is off to a productive and healthy start. Over the past six weeks we have caught up with colleagues, friends, family and trusted advisors, and have done a lot of reading. One piece that stands out to us is a memo by...