We're now tracking four portfolios as we invest in a destabilized world. Today, Ethan presents the case for one of his high-conviction stocks -- the New York Times -- while Keith plays the role of the skeptical doubter.

Keith and Ethan tackle an investing landscape that is as confusing and ever. Plus two announcements: Different This Time? is becoming Investing in a Destabilized World, and we're adding an exciting addition to our format for episodes going forward.

Keith and Ethan discuss the investing dynamics of war: oil prices, defense contractors, and the larger global economic picture.

Keith interviews Ethan about the ways climate impacts will transform the housing market, especially the bifurcation of home values based on climate vulnerability. They also discuss how to assess the resilience of a prospective home and Ethan's path to his new career as a real estate agent helping clients evaluate and buy climate resilient homes (https://climateresilienthomes.com/). 

Related Articles by Ethan:

The Climate Repricing of Housing has Begun

A Dozen Dangers: The 12 climate risks that threaten our homes

How to buy a home that will hold its value

Climate change and housing bubbles

Recent developments at Waymo have Keith and Ethan convinced that autonomous vehicles are about to start scaling worldwide. Where is this tech going, why is it shockingly under-reported compared to to AI LLMs, and is it possible to invest in this emerging tech?

Do the large and geographically widespread Democratic wins in the 2025 elections have implications for investing? Keith and Ethan discuss whether a weaker Trump necessarily means anything will change -- at least with respect to investing strategy.

With more financial turbulence ahead, Keith wonders if his longtime choice to rent should change, in order to gain portfolio diversification through ownership of a physical asset.

Inspired by Eli Kasargod-Staub's description of the Jenga Tower Economy in his recent Substack, Keith and Ethan discuss the growing brittleness of different elements of our economy, and how the AI bubble popping would make these weaknesses hit hard.

Keith and Ethan unpack the volatile state of cryptocurrency: Is it finally going mainstream, or are we witnessing the setup for the next financial crisis? Maybe both. Tune in for a candid, nuanced take on what recent developments might mean for the future of money.

Keith and Ethan get philosophical about saving and spending, understanding that without getting it right there is no money to invest.