There is a lot of paranoia about AI. And we should be worried about it taking jobs too quickly, worsening inequality and mental health effects.
In this week’s podcast, Nucleus Wealth’s Chief Investment Officer, Damien Klassen, unpacks how AI is rapidly devouring the software sector — examining why AI leaders are absorbing ever-larger slices of market cap, what’s driving the widening performance gap, and what this power shift means for ...
Silver surfed a massive wave, then wiped out. But it remains a long way above long-term prices. Is there a new paradigm for silver, or are we heading back to its long term real price of sub-$20?
In this week’s podcast, Nucleus Wealth’s Chief Investment Officer, Damien Klassen, breaks down silver’s dramatic surge and sudden slide — exploring what drove the volatility, whether another wave of momentum is building, and what the risk-reward now looks like for investors watching the metal’s ...
In this week’s podcast, Nucleus Wealth’s Chief Investment Officer, Damien Klassen, is joined by David Llewelyn-Smith of MacroBusiness to examine the latest slide in the U.S. dollar — unpacking whether this is just a short-term pullback or an early sign the broader USD tide is turning, and what a ...
While December itself was weak, the 12 months ending on 31 December were a good year for international stocks. Being overweight internationally, with a healthy exposure to AI, our portfolios all outperformed their benchmarks. Our international fund finished up 20%, and our Australian fund finished ...
Over the past few months, I’ve noticed a subtle but unmistakable shift in the way markets react to political pressure on the Federal Reserve. Traders still move on headlines, but beneath the usual noise there’s a growing sense that the old assumptions about central-bank independence are not as ...
In this week’s podcast, Nucleus Wealth’s Chief Investment Officer, Damien Klassen, breaks down the global market selloff triggered by a sharp jump in Japanese bond yields — exploring what drove the move, why it rattled equities and currencies worldwide, and what it all means for investors ...
In this week’s podcast, Nucleus Wealth’s Chief Investment Officer, Damien Klassen, digs deeper into what Donald Trump’s renewed attacks on the Federal Reserve could mean for inflation, interest-rate credibility, and long-term bonds — especially as markets grapple with talk of firing Jerome Powell, ...
In this week’s podcast, Nucleus Wealth’s Head of Investments, Damien Klassen, is joined by Martin North of DFA Live in a special collaboration to unpack the fast-moving geopolitical shifts in Venezuela, Ukraine, and Taiwan — examining how rising assertiveness from powerful leaders is challenging ...
In this week’s podcast, Nucleus Wealth’s Chief Investment Officer, Damien Klassen, explores how the rapid rollout of AI could drive power prices higher — why the sheer volume of energy isn’t the issue, but the speed of demand growth is, and what this looming pressure means for investors across the ...
Why your "Green" fund might just be a lump of coal wrapped in expensive paper. Santa Claus was the original ESG (Environmental, Social, and Governance) investor. He maintains a strict (checks it twice) database of global citizens, performs due diligence on their behaviour, and engages in negative ...
Five years ago, during the first Trump presidency, I wrote a controversial post titled Could Trump be Right About Ethical Investing?.
If you listen to the masters of the financial universe, a revolution is upon us. In his 2025 letter, Larry Fink of BlackRock hailed tokenisation as the path to "democratisation." The narrative is seductive: every asset—stocks, bonds, art, real estate—will live on a blockchain. Settlement becomes ...
Quick disclaimer. I run ethical funds. We let clients add or subtract ethical (and investment) themes from all our portfolios. But I've never been a fan of the industry. Seven years ago, in a post titled Ethical Snake Oil, I argued that the booming industry of ESG (Environmental, Social, and ...
