The world is changing from one where risk-taking was rewarded, to one where it is punished if not appropriately managed. Can you be rewarded while managing today’s level of greater risk? The Fed’s withdrawal of capital and rate hikes plus liquid credit dislocation has opened a window of opportunity…

▶︎ Read Oct 3 2022 newsletter: here

▶︎ Chart of the Week: here (by Fortune/Term Sheet, PitchBook)

(Any “forward-looking” information may include, among other things, projections, forecasts, estimates of market returns, and proposed or expected portfolio composition Past performance is no guarantee of future results. Investing involves risk; principal loss is possible.)