Last week I was in Oxford attending the EMBA J19 reunion. I can’t believe how fast time has flown.  I was accepted into the Oxford Executive MBA in 2019 and graduated in 2021. In the blink of an eye, it’s already five years later.

This reunion gave us a chance to reconnect with classmates, attend some classes and reminisce about what we learned.

It also coincided with the war on Iran, which caused the markets to go berserk. Throughout the entire period since the conflict began, I did not make any trades. After the reunion, when I took my mind off the current affairs driving the markets, I was pleasantly surprised to find my clients’ accounts were mostly higher.

This is due to the way I construct portfolios. I don’t bet on any specific sectors, and I certainly don’t speculate on the course of war. Instead, I systematically assemble durable assets. As long as humanity continues to grow in number and demand better living standards, the durable assets will rise in value.

Read my original article on durable assets here:

https://investment-fiduciary.com/2025/04/16/durable-assets-vs-speculative-assets/

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