Recently Published
Australia’s Mandatory Investment System
Today, I’ll explain what superannuation is, how it works, and explore whether a system like this could ever work in the US.
Let’s profit from unpredictability
This week, we track how investors can position portfolios for unconventional policy risk, mapping scenario-driven trades, defensive plays, and where asymmetric opportunities may emerge across real assets and credit.
Altea Update: Apr 6
This week’s Alts Community update tracks a new women’s volleyball SPV opening to members, expanding IRA access, and mounting concerns around FranShares’ shutdown and investor fallout.
The Big Music Royalty Roll-up
Today, we’re revisiting music royalties, unpacking why major investment vehicles have underperformed, and breaking down how a roll-up model could reshape returns for income-focused investors.
Let’s identify some Black Swans
This week, we track emerging black swan scenarios tied to the administration’s unconventional playbook, and map how these risks could reprice assets, markets, and global capital flows.
Altea Update: Mar 30
This week’s Alts Community highlights Whisky I closing and early execution, alongside active member discussions and niche deal flow, mapping sentiment, opportunities, and emerging trends across alternative investing.
How to ruin a hobby
Today we have a fun guest post from our friend Michael from MoneyLemma. Michael is a hedge fund analyst who delves into pressing, quirky, unanswered questions in the overlaps between money and society. In this issue, Michael gives his take on the world of card collecting.
Fundrise’s pre-IPO fund opens hot, fades fast
This week’s Alts Cafe tracks rising regulatory pressure on prediction markets, volatility across assets from gold to startups, and shifting global capital flows, mapping implications across alternative investments.
Let’s psychoanalyze Trump
This week, we analyze the administration’s revealed preferences amid escalating geopolitical conflict, explaining how tariffs, resource policy, and strategic unpredictability are reshaping markets and investor positioning.
Altea Update: Mar 23
This week’s Alts Community highlights Whisky I commitments, a new film bridge lending course, and global meetups, mapping how members are deploying capital, learning new strategies, and sourcing opportunities.
IRR is (kinda) lying to you
Today, we’re revisiting IRR, unpacking how its assumptions and timing quirks distort returns, and breaking down what it really tells investors about performance, incentives, and realized outcomes.
Let’s create an art index
What’s on the menu today:
TEFAF 2026: where Leon Kossoff broke everyone’s brain
The artist market cap: Vermeer vs Leonardo vs Warhol vs Hirst
Hormuz, part two: it’s not just oil anymore
Recently Published
Pre-IPO shares: Everyone wants in
Retail investors are rushing into pre-IPO shares. In this week’s podcast, Christine Healey (ex-Destiny, Forge) breaks down what’s changed, what’s still broken, and and how new models are opening access.
Investing in Pearls
With a $30B market, rising demand, and timeless appeal, pearls are shedding their “grandma” image. From ancient status symbol to modern investment, here’s why pearls might are a hidden gem to consider.
Catastrophe bonds: the $100 billion market for investing in disaster
Cat bonds offer ~10% yields but risk total loss in disasters. Driven mainly by hurricanes, this market has had a banner two years — and retail investors will soon get access.
The death of content website investing: How AI and Google wiped out an industry
For a decade, content website investors made out like bandits. But those assets were built on rented land. Now, the landlords are evicting.
The penny’s luck is running out. Are nickels next?
A penny costs more to make than it’s worth, and Trump wants it eliminated. But what happens once small change disappears? We use examples around the world to show how it works, and who benefits.
Prediction Markets Explained
Prediction markets are surprisingly bad at forecasting individual events. Learn why prices are not probabilities, and how to use the Brier Score to your trading advantage.
Private firefighting insurance: From Ancient Rome to modern California
Private firefighting insurance may seem like a modern, “late stage capitalism” concept, but its roots stretch back thousands of years.
Golden visas: Foreign residency & citizenship for sale
Golden visas offer an alternative place to live, invest, and enjoy your life in countries more aligned with your values — both social and financial.
The Airport Concession Economy
We explore the sky-high profits of airport concessions; why they’re so profitable, how businesses compete to snag them, and how to invest.
The State of Private Equity
We kick off the new year looking at PE: How it works, how it’s changing, the LBO controversy, recent performance, and how you can invest.
The economics of road salt
Brian Flaherty explores the overlooked road salt industry, including an overview of the global salt market, the 4 big players, salt alternatives, and ways to invest.
Investing in Pinball Machines
Pinball expert Jeff Briskin explores the history, evolution, and investment potential of pinball machines. Discover top-rated models, market trends, and ROI opportunities.
Recently Published
Australia’s Mandatory Investment System
Today, I’ll explain what superannuation is, how it works, and explore whether a system like this could ever work in the US.
Let’s profit from unpredictability
This week, we track how investors can position portfolios for unconventional policy risk, mapping scenario-driven trades, defensive plays, and where asymmetric opportunities may emerge across real assets and credit.
Altea Update: Apr 6
This week’s Alts Community update tracks a new women’s volleyball SPV opening to members, expanding IRA access, and mounting concerns around FranShares’ shutdown and investor fallout.
The Big Music Royalty Roll-up
Today, we’re revisiting music royalties, unpacking why major investment vehicles have underperformed, and breaking down how a roll-up model could reshape returns for income-focused investors.
Let’s identify some Black Swans
This week, we track emerging black swan scenarios tied to the administration’s unconventional playbook, and map how these risks could reprice assets, markets, and global capital flows.
Altea Update: Mar 30
This week’s Alts Community highlights Whisky I closing and early execution, alongside active member discussions and niche deal flow, mapping sentiment, opportunities, and emerging trends across alternative investing.
How to ruin a hobby
Today we have a fun guest post from our friend Michael from MoneyLemma. Michael is a hedge fund analyst who delves into pressing, quirky, unanswered questions in the overlaps between money and society. In this issue, Michael gives his take on the world of card collecting.
Fundrise’s pre-IPO fund opens hot, fades fast
This week’s Alts Cafe tracks rising regulatory pressure on prediction markets, volatility across assets from gold to startups, and shifting global capital flows, mapping implications across alternative investments.
Let’s psychoanalyze Trump
This week, we analyze the administration’s revealed preferences amid escalating geopolitical conflict, explaining how tariffs, resource policy, and strategic unpredictability are reshaping markets and investor positioning.
Altea Update: Mar 23
This week’s Alts Community highlights Whisky I commitments, a new film bridge lending course, and global meetups, mapping how members are deploying capital, learning new strategies, and sourcing opportunities.
IRR is (kinda) lying to you
Today, we’re revisiting IRR, unpacking how its assumptions and timing quirks distort returns, and breaking down what it really tells investors about performance, incentives, and realized outcomes.
Let’s create an art index
What’s on the menu today:
TEFAF 2026: where Leon Kossoff broke everyone’s brain
The artist market cap: Vermeer vs Leonardo vs Warhol vs Hirst
Hormuz, part two: it’s not just oil anymore