The Grey Swan Investment Fraternity now has members in over 28 countries! That’s not including members of our investor’s network, who also reach into countries such as Russia and China.
Thank you for being a member of our fraternity, and for helping expand the map. We look forward to updating it further!
Grey Swan Investment Fraternity member map as of 12/10/2024
January 6, 2026 • Addison Wiggin
This is the confidence paradox in motion.
The legitimacy of the action remains contested. The legality may be debated for years. Yet capital immediately priced the outcome as useful.
Pundits on Fox Business immediately began explaining the complexities of processing “heavy, sour” crude oil that the refineries in Texas and Louisiana used to be tooled up for, versus the “light, sweet” variety the shale boom gushed forth.
January 6, 2026 • Addison Wiggin
History is clear. The “warmth of collectivism,” as New York City Mayor Mamdani wants you to believe, doesn’t come from a healthy economy. Maybe from, burning books and buildings… but not from building a prosperous society.
January 5, 2026 • Addison Wiggin
The entire process of reviewing forecasts and then issuing new ones has made us more intensely focused on our purpose. We’re not actually trying to “predict the future” to parody the disdain with which so many lazy media pundits would dismiss our approach.
Rather, we’re examining trends in the news cycle and trying to separate the wheat from the chaff. What signals are coming through stronger than the nauseating cacophony of Washington and Wall Street, amplified by legacy and social media alike?
There are years when markets feel confusing because they are volatile. And there are years when they feel confused because the old explanations no longer work.
January 5, 2026 • Addison Wiggin
To start the year, the U.S. government didn’t bother with a hangover, rather it continues to spend so profligately that if we compared it to a drunken sailor, we’d have to apologize to the sailor.
Closing out 2025, America managed to rack up over $38 trillion in “official” debt. Looking at debt relative to GDP, it’s back over 121%.
