The Six-Step Planning Process, Stripped to Its Mechanism
3 min read · Updated Jul 2026 · Portfolio Strategy The financial planning profession runs on a six-step process: establish the scope, gather the data, analyse the pos
Time Preference, Hard Money, and the Discipline of Saving
The money a society uses shapes the time preference of the people who use it. Sound money produces long horizons and patient capital. Debasing money produces short horizons and spe
Risk Profiling Is Three Numbers, Not One
4 min read · Updated Jul 2026 · Portfolio Strategy Ask someone their risk profile and you get one word: conservative, balanced, aggressive. That single word compresse