AI and the New Information Empire
08 Jun 2026The AI boom is just the next iteration of the all-too familiar story. A disruptive new technology comes out, and companies become willing to spend seemingly infinite amounts to try and come out on top. Valuations are high, capital expenditure is enormous, and the eventual winners should in-theory generate extraordinary returns. However, the deeper story is about concentration.
How the SpaceX IPO Will Shift Risk to Passive Investors
05 Jun 2026SpaceX is set to go public next week at an eye-watering valuation of $1.8 trillion, by far the largest IPO in history. While many investors are excited to be able to purchase shares in the company, the headlines are distracting from the fact that the IPO combined with its accompanying rule changes seem to be set up in a way that will give its current owners exit liquidity at the cost of retail and passive investors who will be left holding the bag.
What Is a Family Foundation Really For?
02 Jun 2026In our experience working with high-net-worth families, a family foundation begins as a way to organize charitable giving. Over time, however, its real value often becomes clearer: it can serve as a framework for purpose, values, family identity and engagement. At its core, a family foundation is a long-term vehicle for shaping a legacy that can endure across generations.
What Actually Drives ETF Liquidity?
25 May 2026Exchange-traded funds (ETFs)—a basket of securities like stocks or bonds that is traded on a stock exchange like a regular company share—have become a huge part of the market. (Watch our latest Sandstone Speaks for more on ETF flows.) Yet, the majority of investors don’t know what drives their liquidity. Do you?
The Global Quest for Resilience and Leverage
08 May 2026For most of the twentieth century, the politics of energy was a story about oil. While that story is not yet over, it has become much more complicated. We are currently living through the 4th industrial revolution, with massive AI-driven capital expenditures fueling innovation and competition around the world and across all industries.
Wealth in the Making: Tax-Efficient Strategies for High-Earning Professionals in Their Accumulation Years
05 May 2026Tax season is officially over. For high-earning young professionals in their 30s and 40s, it's when an uncomfortable question surfaces: how much money was left on the table? You may be incorporated, maxing out your RRSP, and doing all the right things. But without a coordinated approach to how income is earned, sheltered, and eventually extracted, a meaningful portion of accumulated wealth could be quietly lost to tax drag year after year.