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Obsidian Memo] The Great Re-Entry: Strategic Realignment and the Industrialization of Private Capital in the 2026 Financial Services Landscape
Personal Finance/Market Insights] Howard Marks, 13Fs, and the Road Ahead for 2025
Markets have been turbulent since April, with 13F filings showing a shift from pricey big tech into healthcare, construction, and rate-sensitive sectors. Howard Marks warns equities are overvalued—urging rebalancing, patience, and defensive positioning.
Personal Finance/Market Insights] Tariffs, AI, and the 401(k) Revolution: A Global Rebalancing of Capital & Opportunity for Impact Investing
Executive Summary
The global capital markets stand at an inflection point. Three disruptive forces—tariff realignments, AI-driven productivity, and the democratization of retirement capital through alternative assets—are colliding to reshape investment paradigms.
President Trump’s August 2025 executive order allowing 401(k) retirement plans to invest directly in