Quiet Capital Markets

JP Morgan, James Grant & Hedging

Years ago James Grant of the Interest Rate Observer astutely pointed out how how deep and complex the JP Morgan “book” had become thanks to their leading position in derivatives. His account of just the main contours of their positions and operations was mind numbing. The nuances and “emergent factors” of these myriad positions are simply [...]

May Monthly TechFund Update

Changes Over the course of April we filled out our portfolio and eliminated our 14% placeholder position in the QQQ. Our new positions included: Adobe (ADBE) – We have been waiting for the right moment to buy Adobe over the past year or so. The shift to “mobile first” development and rejection of Adobe Flash [...]

Nano Tree

Another General Purpose Technology

A general purpose technology (GPT) is a big deal. Examples in the past include the printing press, the steam engine, and more recently in 1971 the microprocessor. It takes a long time for a GPT to play out from an investment standpoint. The timeframes are getting shorter but they are still measured in decades rather [...]

solidworks_jigsaw_full

3D Gets Physical

We’ve been following 3D for a few years although most of our early work was on visual 3D and motion processing. It fits into our RealVR über theme. On the motion processing side we own a position in InvenSense (INVN) which makes the motion processing chips that are now commonly embedded on mobile phones and [...]