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Disruptive.
Announcing the merger of Armada + Arialgo
Phil Bak
Feb 28
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Disruptive.
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Longer Term People
Play Long Term Games with Long Term People. All returns in life come from compound interest. -Naval Ravikant A couple of years ago I wrote about Long…
Phil Bak
Feb 10
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Longer Term People
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Liquidity Risk
My favorite story from the Global Financial Crisis is about a risk model, because I am a nerd that way. But it captures the whole thing, it captures all…
Phil Bak
Jan 11
16
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Liquidity Risk
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Privilege
If you are here for BREIT analysis, hang in there, it’s coming. Since my day job involves managing a REIT ETF (which, btw, was launched specifically in…
Phil Bak
Dec 21, 2022
14
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Privilege
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Blame it on Standard Deviation
Bet you thought REITs were boring. Don’t worry, we all did. But they aren’t boring anymore, and unfortunately, for all the wrong reasons. Earlier this…
Phil Bak
Dec 9, 2022
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Blame it on Standard Deviation
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Peace & Permanence in Asset Management
It’s late at night, or early morning, I can’t tell. I’m tired but I’m not getting any sleep. No point in trying. My bloodshot eyes are darting back and…
Phil Bak
Nov 13, 2022
11
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Peace & Permanence in Asset Management
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The Weighing Machine is Broken
I’m going to sell you a narrative: Stocks tend to go up over the long term. Sure there is volatility in the short term, but over the long term you are…
Phil Bak
Oct 11, 2022
7
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The Weighing Machine is Broken
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ARMADA
“A second chance doesn’t mean anything if you didn’t learn from your first.” Anurag Prakash Ray The story of Exponential ETFs was cut short. I’ve talked…
Phil Bak
Aug 23, 2022
4
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ARMADA
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BakStack
Capital markets, fintech, startups & personal growth.
By Phil Bak
· Launched a year ago
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