Commentary
One of the most interesting and valuable experiences of my investing career was the eight years I spent managing Silver Arrow Investment Management with Raji Khabbaz. Raji is currently the Portfolio Manager of ArcanX and a member of the Deep Knowledge Investing Board of Advisors. An important part of our investment process together was to figure out for each of our positions what it would look like if we were wrong. That forethought allowed us to move very quickly at crucial inflection points. I’ve spent the last two months outlining my concerns about inflation, interest rates, and the misrepresentation of key measures of the economy. However, there are smart people who believe that my concerns are overdone and that everything will end up fine. Let’s give those arguments a fair hearing.
