Investment Letter Q3 2024

“As long as the dollar remains in high esteem as a trade currency, America can continue to spend more than it earns. But when the day arrives – as it certainly must – when the dollar tumbles and foreigners no longer want it, the free ride will be over.” G. Edward...

Philanthropy

“What counts in life is not the mere fact that we have lived. It is what difference we have made to the lives of others that will determine the significance of the life we lead.” These profound words, spoken by Nelson Mandela, encapsulate a truth that may resonate...

Investment Letter Q2 2024

“Semiconductors are the silent driver of all the advancements in the digital world.” Morris Chang, founder of TSMC The second quarter was a tale of two halves, particularly in equity markets. Until mid-May, with investor sentiment buoyed by the prospect of cooling...

Re-Emerging Markets

In recent memory, emerging markets have been somewhat absent from the equity market party. The benchmark equity index, MSCI Emerging Markets (MSCI EM), still sits some 15% below its 2007 peak. On the surface this makes sense, as investors in emerging markets must...

Boutique investment office joins B Corp ranks

Lincoln Private Investment Office has become B Corp certified, reinforcing its commitment to ethical business practices, sustainability and a positive impact. As a B Corp certified firm, Lincoln has undergone a substantial evaluation of the entire firm covering five...