Investing

Investors are likely aware of the meteoric rise in Nvidia’s stock price, reflecting the dominance of their microchips fueling the artificial intelligence boom. But we believe the most sustainable advantage (or moat) lies elsewhere in the AI value chain.

There’s no place like home. And for investors, there’s no place like their home market: throughout the world, they are over-invested in their own countries.

The secret to building a better portfolio is no secret at all.

This may be the dawn of a golden age for high net-worth investors. But caution is warranted.

We've prepared this summary to explain what illiquidity means, the potential benefits of illiquid and less liquid investments, and the spectrum of illiquidity present in different investment vehicles.