The AI Capex Boom: Cyclical Wonder or Structural Force?

This piece examines the factors that can help answer the above question; I wanted to work through this analysis to stay grounded as everyone takes…

May 11 • Hanwil Holdings

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April 2026

Q1 2026 Investment Review and Outlook

The downside protection started working in Q4 2025, earned its place further this past quarter but could really become the crown jewel if I'm right that…

Apr 6 • Hanwil Holdings

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March 2026

All that glitters

This is a substantial review of Gold exploring key drivers, valuations and prospects after recent strong gains. Miners, Silver & Bitcoin are also…

Mar 27 • Hanwil Holdings

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Mind The Private Parts

How the $3tn Private Credit Asset Class Interlocks with Private Equity, Life Insurers, Technology and what the contagion risk might be for broader…

Mar 8 • Hanwil Holdings

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January 2026

Q4 Performance Review & 2026 Outlook

2025 was an exceptional year crowned by a strong Q4; Great opportunity set reasonably exploited and no blow ups. 2026 could be more complicated.

Jan 13 • Hanwil Holdings

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December 2025

Speed-Heavy-Trash: Will Metals Rock?

Two secular trends - Unsound Money and the Energy Transition - support an emphasis by investors on hard assets. This piece reviews the industrial metals…

Dec 22, 2025 • Hanwil Holdings

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October 2025

The One Eyed Men

Today the world seems a mess and so full of contradictions. As a result it is too easy to be drawn in by those with sweeping answers from a…

Oct 28, 2025 • Hanwil Holdings

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Bear Necessities; Investment Outlook

Here we are; At a cross-current of financial partying in a night club called America, dancing with AI - which looks like a model - and generating…

Oct 18, 2025 • Hanwil Holdings

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Third Quarter Investment Review

Never Confuse Brains with a Bull Market ... it was a great quarter for returns... of pretty much anything and everything. Still, the best profits were…

Oct 8, 2025 • Hanwil Holdings

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September 2025

Brief Letter From The Orient

Some thoughts following a few days lurking around at a regional investment forum in Hong Kong. As the noise level from America keeps hitting new highs…

Sep 12, 2025 • Hanwil Holdings

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July 2025

Second Quarter Investment Review and Outlook

This quarter was a “place holder” where the different elements of the portfolio adjusted to the longer-term outcome we expect: A pivotal change in…

Jul 30, 2025 • Hanwil Holdings

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The Weighing Machine

“In the short run, the market is a voting machine but in the long run, it is a weighing machine.” - B Graham. Having recently looked at the voting of…

Jul 9, 2025 • Hanwil Holdings