Blog
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Too Basic to Notice, Too Big to Ignore: Tom Ferguson on the VC Opportunity in Water Tech
This week on The Derivative, Jeff Malec sits down with Burnt Island Ventures founder Tom Ferguson to explore why water might be the most underappreciated investment theme on the planet.…
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Leverage Is Bad. Except When It Isn’t. Morningstar Just Made the Distinction Official.
We’ve all heard the lectures. Leverage caused the GFC. Leverage blew up Long-Term Capital Management in ’98. Leverage cratered Amaranth…
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Painting Corners to Protecting Portfolios: Former MLB pitcher Scott Karl on How Athletes Blow the Money, Alts, the Mental Side of Performance, and the NIL Era
In this episode, former Milwaukee Brewers left-hander Scott Karl traces his journey from Carlsbad baseball standout to big league starter…
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MEGA to SEGA: Why Seoul beating Saxony shows just how hard it is to Diversify
Here’s the thing about volatile markets: when things are getting hit, you look at home first. It’s reflexive. Your newsfeed…
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Crisis Alpha, Cocoa Trends, and Correlated Trendlessness: Inside Aspect Capital’s Strategy with Christopher Reeve
Jeff Malec sits down with Christopher Reeve, Chief Investment Officer of Aspect Capital, one of the original managed futures shops…
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Asset Class Scoreboard: April 2026
April 2026 brought a broad recovery across asset classes, reversing much of March’s losses. U.S. Stocks led the month at…
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Trend Following’s Bond Problem
Our own Jeff Malec went solo on the Derivative last week, dishing on all sorts of topics from ski races…
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Asset Class Scoreboard: March 2026
March 2026 brought a broad pullback across most asset classes to close out the first quarter. World Stocks fell -8.03%…


