iiinova — where your digital self keeps evolving

Hunter @lewisenterprises.bsky.social · 16/04/2025

A company that owns centuries-old jasmine fields, luxury resorts on the French Riviera, and a tugboat manufacturer. My conversation with @alluvialcapital.bsky.social now live on L.E. 👇

lewisenterprises.blog

Extraordinary Physical Assets

Alluvial's Dave Waters on finding and investing in the irreplaceable

0101

Hunter @lewisenterprises.bsky.social · 14/04/2025

Like Anton Chigurh tells Carson Wells, "You should admit your situation. There would be more dignity in it." Trade wars and tariffs as an inevitability on L.E. 👇 www.lewisenterprises.blog/p/manifest

lewisenterprises.blog

Manifest

The Inevitability of Trade, Trump & Tariffs

051

Hunter @lewisenterprises.bsky.social · 26/01/2025

"We speculate that the fintech boom will stamp an exclamation point on the culminating phase of this aging credit cycle. Some will lose their money, but all will participate in a living seminar on the nature of money and the distinction between money and credit." - GRANT'S

190

Hunter @lewisenterprises.bsky.social · 14/01/2025

Fredrick Weyerhauser obit 1914 "He knew lumber and men."

020

Hunter @lewisenterprises.bsky.social · 12/01/2025

Wild that every decent size asset manager pays a trader or "head of macro" a top quintile salary just to send a morning note out of copy-paste Bloomberg headlines and a chart from their prime broker.

030

Hunter @lewisenterprises.bsky.social · 12/01/2025

As REITs enter 2025, historic valuation gaps and sector divergence create compelling opportunities despite continued volatility. Examining why this could be a pivotal year for real estate investors on L.E.👇 www.lewisenterprises.blog/p/reits-2025

lewisenterprises.blog

Promise and Peril

REIT Themes for 2025

051

Hunter @lewisenterprises.bsky.social · 03/01/2025

This is an interesting theory I hadn't considered, but does the malinvestment actually take any money out of the system?

000

Hunter @lewisenterprises.bsky.social · 02/01/2025

"The good times, too, of high price almost always engender much fraud...people are most credulous when they are most happy; and when much money has just been made, when some people are really making it, when most people think they are making it, there is a happy opportunity for ingenious mendacity."

130

Hunter @lewisenterprises.bsky.social · 02/01/2025

31% of the time, the market never falls more than 5% below the ATH.

030

Hunter @lewisenterprises.bsky.social · 30/12/2024

December 30th, really? just throw the damn towel already 2024.

140

Hunter @lewisenterprises.bsky.social · 27/12/2024

Bluebeard - Kurt Vonnegut (1987)

090

Reposted by Hunter

Umit Singh Dhuga @usdhuga.bsky.social · 22/12/2024

Must-read article not only for investing, but indeed for living. Again, @lewisenterprises.bsky.social remains, to my mind, one of the most adroit and stylistically gifted commentators in our community, broadly construed, of people working in and “doing” finance. open.substack.com/pub/lewisent...

open.substack.com

The Most Important Thing

Year-end thoughts on making money, volatility, inflation & Build-a-Bear Workshop

171

Hunter @lewisenterprises.bsky.social · 25/12/2024

I have crossed the Rubicon into Real America™️ dispatches to follow...

010

Hunter @lewisenterprises.bsky.social · 24/12/2024

Already pursuing this strategy

000

Hunter @lewisenterprises.bsky.social · 24/12/2024

Any tips for deluding yourself into believing your mustache looks good?

220

Hunter @lewisenterprises.bsky.social · 22/12/2024

Wasn't the entire thing basically like "here's an interesting idea but it's not really practical"

010

Reposted by Hunter

Berkshire Haddaway @berkshire-haddaway.bsky.social · 22/12/2024

a great weekend and end-of-year reading by Hunter!

061

Reposted by Hunter

EB @ellliotb.bsky.social · 22/12/2024

Prob my favorite one of the year, felt like he was talking directly to me

051

Hunter @lewisenterprises.bsky.social · 22/12/2024

I recently told a friend my theory that most investors aren't motivated by money, he said "Obviously, otherwise we'd go sell medical devices!" www.lewisenterprises.blog/p/the-most-i...

lewisenterprises.blog

The Most Important Thing

Year-end thoughts on making money, volatility, inflation & Build-a-Bear Workshop

0100

Hunter @lewisenterprises.bsky.social · 20/12/2024

December is all about having an 8:30 call to talk about working on a draft, of an outline, for a report.

030

Hunter @lewisenterprises.bsky.social · 20/12/2024

I'm in the archives! Reading about Jeffry Picower

000

Hunter @lewisenterprises.bsky.social · 20/12/2024

Love 2 consume media, this is so great

150

Hunter @lewisenterprises.bsky.social · 19/12/2024

Industrial REIT multiples are getting pretty beat up. Most of these trading in the mid-5s cap rate range

251

Hunter @lewisenterprises.bsky.social · 18/12/2024

This was immensely enjoyable.

000

Reposted by Hunter

diego@estupido.fyi @estupido.fyi · 17/12/2024

seems like the big lesson to learn is that improving material conditions in an already-affluent society doesn't guarantee political stability like everyone expects in retail politics, sometimes quite the contrary even

11096

Reposted by Hunter

William B. Fuckley @opinionhaver.bsky.social · 17/12/2024

"we must adopt a Fukuyamist-straussian outlook informed by Kaleckian political economy to deal with post-materialist politics in the age of the attention economy" I mutter as the nurse ups my chlorpromazine dosage

538050

Hunter @lewisenterprises.bsky.social · 17/12/2024

> ERISA establishes fiduciary standard > Fiduciary standard installs passive investing > Asset management fees compress > Dodd-Frank opens non-bank lending > Asset mgrs become debt originators > Savers equitize debt origination > Demand for debt outpaces demand for equity > Returns on debt decline

010

Hunter @lewisenterprises.bsky.social · 15/12/2024

Getting social ads again for things like "beard oil" feels toppy tbh

010

Hunter @lewisenterprises.bsky.social · 13/12/2024

"They don't ring a bell at the top"

2110

Hunter @lewisenterprises.bsky.social · 13/12/2024

Please don't confuse value with the price at which any buyer or seller would be willing to engage.

100

Hunter @lewisenterprises.bsky.social · 13/12/2024

"The Corrections" by Jonathan Franzen (2001)

010

Hunter @lewisenterprises.bsky.social · 13/12/2024

Finally! A way for the private wealth market to access real estate. HNW has had to settle for soaring equity valuations for far too long.

100

Hunter @lewisenterprises.bsky.social · 12/12/2024

I basically have a substack dedicated to it lol!

020

Hunter @lewisenterprises.bsky.social · 12/12/2024

Rough year for those harboring fantasies that this is a sober profession of high intellectual pursuit

3101

Hunter @lewisenterprises.bsky.social · 11/12/2024

After reviewing all the info that's been released to date, I'm fairly confident in concluding the shooter was natty.

020

Hunter @lewisenterprises.bsky.social · 10/12/2024

I'm Robert Caro-maxxing this week (getting dressed up and writing 1000 words per day)

030

Hunter @lewisenterprises.bsky.social · 09/12/2024

Market logic demands that Luigi Mangione be the first guest on Daniel Penny's forthcoming podcast "Penny For Your Thoughts" which will be signed to Spotify for $50m

071

Hunter @lewisenterprises.bsky.social · 07/12/2024

If you ask Jim Grant if he thinks inflation will pick back up, you're going to get a florid allegory about Appalachian coal country.

150

Hunter @lewisenterprises.bsky.social · 07/12/2024

Predicting that they figure out the UNH killer is a vet that served like 100 hellish tours on some useless boondoggle, and his wife or child was lost because of denied coverage. If so, this entire story will be memory holed by the end of next week.

170

Hunter @lewisenterprises.bsky.social · 07/12/2024

Wife at the Times Square Disney Store: "Anyone in here without a kid needs to have their head examined."

130

Hunter @lewisenterprises.bsky.social · 06/12/2024

L.E. 🔁 | "Perhaps it is anathema to value investors to even believe there should be pioneering ideas around investing. It could be that there simply isn’t much more philosophically to add to the canon." www.lewisenterprises.blog/p/intolerabl...

lewisenterprises.blog

L.E. Memo | Intolerably Boring

Moving Beyond Buffett and the Search for New Investment Thought

010