Drew, Walk & Co.

A house of consulting financial economists that assists #familyoffice, #foundation, and #fiduciary clients in the areas of investment consulting and counsel.

[Drew, Walk & Co. @DrewWalkCo]

Good question: How can a thoughtful investor make an informed, discerning choice among the thousands of ETFs on the market? Evaluating ETFs With a Systematic E-T-F (Efficiency, Tradability, and Fit Framework) via @FactSet https://t.co/40sMn0qfgJ

[Drew, Walk & Co. @DrewWalkCo]

‘IPOs, equity-funded acquisitions and private equity queueing up to sell are all symptoms of an expensive market and signs that insiders want out,’ notes Matt King, founder of Satori Insights via @ft

[Drew, Walk & Co. @DrewWalkCo]

“… even mathematicians were astonished when ⁦@OpenAI⁩ announced that one of its models resolved a puzzle known as the unit distance problem without the help of any humans scribbling a bunch of equations on chalkboards.” via @wsj https://t.co/guSXDvP2BS

[Drew, Walk & Co. @DrewWalkCo]

Ranking Venture Investors - The rankings come out of a single framework built on six factors: valuation, dilution, net profits, value add, human capital decay, and, changing firm affiliations of individual VCs by @IlyaStrebulaev #VC #VentureCapital
https://t.co/xZgKwuWQhy

[Drew, Walk & Co. @DrewWalkCo]

Investment beliefs > "Trading in the end times: keeping faith in financial markets" by Crawford Spence explores how active & passive asset managers themselves think and explain their own position in financial markets.
https://t.co/gDYraI29er

[Drew, Walk & Co. @DrewWalkCo]

The Shelf life of Prudence [2/2] > "Yet institutional practice often treats prior approvals and professional techniques as sufficient by default, allowing authorization to persist without renewed fiduciary evaluation. "
https://t.co/BbmQSjx3Td

[Drew, Walk & Co. @DrewWalkCo]

The Shelf life of Prudence [1/2] > "Trust law treats prudence as a continuing obligation requiring fiduciaries to exercise judgment under “circumstances then prevailing.” by Ian Edwards
https://t.co/BbmQSjx3Td

[Drew, Walk & Co. @DrewWalkCo]

The Shelf life of Prudence [1/2] > "Trust law treats prudence as a continuing obligation requiring fiduciaries to exercise judgment under “circumstances then prevailing.” by Ian Edwards
https://t.co/BbmQSjx3Td

[Drew, Walk & Co. @DrewWalkCo]

"There are two questions every #credit investor should ask before making a new investment: who owns this paper & who would buy it if they needed to sell?" @junkbondinvest https://t.co/PlXqGd5o0M

[Drew, Walk & Co. @DrewWalkCo]

“what investors sometimes overlook is that the eye-wateringly large capital investment plans being rolled out to support AI require not just hundreds of billions of dollars, but also … copper, water, gallium, lithium and concrete.“ @FT
https://t.co/lhNrm4z49t

[Drew, Walk & Co. @DrewWalkCo]

Change in forward earnings multiple by S&P 500 sector since start of Iran war
Source: @FactSet via @WSJ

https://t.co/unoXDfU69Q

[Drew, Walk & Co. @DrewWalkCo]

“The narrative is now dominated almost entirely by the AI boom … The stock market also seems encouraged by the fact Wall Street analysts continue to raise their earnings forecasts despite rising energy prices and disrupted supply chains” @EconguyRosie

https://t.co/6FXqESg7iP

[Drew, Walk & Co. @DrewWalkCo]

"I would not underestimate the kind of creativity that shows up when fees are on the line."
Aznaur Midov
#DebtSerious

https://t.co/sjsrRBiUAr

[Drew, Walk & Co. @DrewWalkCo]

The Snapshot-in-Time Effect > "If you want to be early to spotting changes, you have to treat the trend as a measure of some underlying reality that might not endlessly trend in the same direction" by @ByrneHobart #CapitalGains

https://t.co/9kjgsjG5xI

[Drew, Walk & Co. @DrewWalkCo]

"...The FPO team serves as the quarterback for both outsourced and insourced wealth and lifestyle advisory relationships, acting as the family’s primary point of contact..." > Investments and Wealth Monitor - The Fractional Private Office, via @iw_inst https://t.co/UVDkTt8p22

[Drew, Walk & Co. @DrewWalkCo]

“Berkshire’s cash and Treasury bills rose to a record $381.1 billion …” in Berkshire CEO Greg Abel Takes the Stage, Making a Case for the Post-Buffett Era via@wsj https://t.co/HIFz15MNTX

[Drew, Walk & Co. @DrewWalkCo]

"The material intensity of GDP is rising," Hambro said, pointing to surging capital investment in grid infrastructure, data centres, electric vehicles ⁠and charging stations. via @Reuters https://t.co/N0hnKbFZqO

[Drew, Walk & Co. @DrewWalkCo]

“The markets are showing the single lesson that the past 40 years have taught them. It will always be saved. Markets are not properly pricing risk, because they really don’t have to.” @kylascan via @nytimes
https://t.co/ONUEmasFWN

[Drew, Walk & Co. @DrewWalkCo]

"The line between investing and gambling has always been a bit blurry, but it’s never been easier for investors to step over the line without even realizing it" @jasonzweigwsj via @Wsj https://t.co/cBMmrUrtvh

[Drew, Walk & Co. @DrewWalkCo]

"...This inflationary energy channel is one of the clearest ways geopolitics can quickly affect growth expectations, monetary policy and risk assets..." > Shifting World Order Forces Re-Evaluation of Portfolio Construction https://t.co/QMGn4ngz8C

[Drew, Walk & Co. @DrewWalkCo]

Private credit > we are about to discover the current price of credit + illiquidity risk via @ft

[Financial Times @FT]

Distressed-debt funds target private credit downturn as ‘greatest opportunity’ since 2008 https://t.co/pMLZiQVOmD