Venture & Gain

Venture & Gain is the essay work of Vermillion Private Wealth: a continuing effort to think carefully about markets, capital, and the classical tradition in economic thought.

Austrian Thought James W. Vermillion III Austrian Thought James W. Vermillion III

The Ever-Advancing Frontier: Why Charlie Munger Underestimates the Next Wave of Innovation

Charlie Munger is a living legend. He’s best known as Warren Buffet’s trusted sidekick, right-hand man, and partner in building Berkshire Hathaway into the monstrous entity it is today. But he’s an icon in his own right. In a recent interview Mr. Munger was wrong about the future of innovation, way wrong.

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Markets & Knowledge James W. Vermillion III Markets & Knowledge James W. Vermillion III

Climate Shockwave: Larry Fink's Call for Capital Reallocation and the Future of Finance

Did you feel that? That shockwave was Blackrock CEO, Larry Fink, stating the obvious but something often only whispered on Wall Street; “the evidence on climate risk is compelling investors to reassess core assumptions about modern finance…in the near future - and sooner than most anticipate - there will be a significant reallocation of capital.”

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For essays on classical liberalism, emergent order, and the broader intellectual tradition the work here draws from, see jamesvermillion.com