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Pineda Family WEALTH · TECHNOLOGY · GOVERNANCE
Philosophy Frameworks Writing The Principal's Brief In Practice Philanthropy
Philosophy Frameworks Writing The Principal's Brief In Practice Philanthropy
Topic

Risk and drawdowns

3 pieces on this topic.

The Single Bet Wearing Five Hats

Five holdings that look diversified, and the single underlying factor quietly wearing all of them.

Essay · 17 June 2026
Concentrated positionsRisk and drawdowns
Conviction Is Not a Plan

Why belief in a position is worthless until it is written down with the evidence that would overturn it.

Essay · 11 June 2026
Concentrated positionsRisk and drawdowns
The Market Just Tested Your Thesis. Did You Pass?

A live drawdown as a governance exam, and what a written thesis does when a position falls sharply.

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Risk and drawdownsGold and silverCommodities and real assets

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The shield carries a pine cone for the family (Pineda, the pine grove; the seed that outlasts the season) beneath three stars for its pillars: wealth, technology, governance.

The writing on this site is general commentary on economics, technology, governance and broad asset classes. It does not recommend any financial product, does not take into account your objectives, financial situation or needs, and is not financial, legal or tax advice. The Pineda Family invests only its own capital and may hold assets connected to the themes discussed. See the editorial standards.

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