Big Tides to Ride or Run From

Very big deal stuff unfolds every now and then. These situations can make things easy or very very hard; depending on which team you are playing for. Watch out for them. The democratizations of countries like China or Russia. Demutualization, deregulation, or privatization of industries are other examples. Some easy points can be picked up when big scale changes occur.

These big themes can also create interesting derivative investments. For instance, a somewhat conservative investor may have been very excited about the potential of the internet in the late 90s, but rationally concerned about investing in tech companies at that time and confused about which companies had staying power. This investor may have reasoned that purchasing San Francisco real estate was a more suitable investment to position for this macro shift.