Microblog from Tocqueville - Page 2 of 3
To The Power Of…

To The Power Of…

Elementary school math classes often begin with the core facets of arithmetic: addition, subtraction multiplication and division. Derivatives come later, in the middle school years: exponents, factorials and PEMDAS[1], show how big numbers can get, quickly. Coupling...
Dusting Off the Textbook

Dusting Off the Textbook

“Not since the 1970s…” This line has been a common reference used over the past ten months to discuss the current macroeconomic and financial market conditions. The fall from grace in growth stocks is similar to the collapse of the Nifty-Fifty during the disco era....
Regimes Change, Processes Don’t

Regimes Change, Processes Don’t

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...