Doxa Takes

Chase Lee, CFA
  • 5.0 (4)
  • INVESTING
  • UPDATED MONTHLY

Nothing we say here is investment advice – we don’t know your personal situation, your goals, or any other variables that we use to create a unique financial and investment plan for you and your family. We’re here just chatting and of course you’re welcome to reach out to anyone at Doxa Capital if you are interested in a plan that complies with your financial situation. The views expressed are that of Chase & David and should not be held as representations of their respective firms. Past performance is not indicative of future results. Investing involves risks.

  1. FEB 10

    Hidden Gems in Software? (Ep.28)

    Chase & David start 2026 by unpacking the software selloff—and why the market's first-level thinking is missing a lot of nuance. With hyperscaler data center spending equaling the GDP of Sweden, the AI infrastructure boom is undeniable. But so far this year the market has flipped from "AI is all upside" to "AI is an existential threat" for many software stocks. Chase breaks down the four fears driving the panic: 1) BYOS - build your own software, 2) AI-native startups eating incumbents, 3) the death of seat-based pricing, and 4) a broken value chain. The key framework? Whether a company owns proprietary data and workflows or is just a fancy UI sitting on top of yours—that's what separates the winners from the losers, and big opportunities exist where the market is struggling with that distinction. Enjoy! Nothing we say here is investment advice – we don't know your personal situation, your goals, or any other variables that we use to create a unique financial and investment plan for you and your family. We're here just chatting and of course you're welcome to reach out to anyone at Doxa Capital if you are interested in a plan that complies with your financial situation. The views expressed are that of Chase and David and should not be held as representations of their respective firms. For terms and conditions, please visit our website at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://doxacap.com/terms-conditions/⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Music by ⁠⁠⁠⁠⁠⁠⁠Agent Method

    35 min

  2. 12/04/2025

    2026 Outlook w/ Conor Sen (Ep.27)

    Chase welcomes back Bloomberg Opinion columnist Conor Sen for his third appearance on Doxa Takes to tackle the 2026 outlook—and why getting there requires making sense of 2025's messy economic puzzle. This past year gave us economic data that made sense in isolation but was tough to reconcile. Labor markets showed rising unemployment in a low-hire, low-fire environment, yet consumer spending stayed resilient. AI capex continued running hot while housing sat in recession. Policy whipsawed between posturing and action, creating broad uncertainty with occasional sharp interventions. Chase and Conor work through what surprised them, what aligned with their expectations, and why these contradictions matter for the year ahead. They outline three distinct pathways for 2026: Consensus continuation - The low-hire, low-fire labor market persists, housing bounces along the bottom, AI spending sustains its momentum, and policy uncertainty gradually recedes.The AI to housing handoff - AI capex cools, financial conditions tighten across equity and private markets, but rates fall substantially allowing cyclical sectors and housing reignite in response.Classic recession - Unemployment marches higher, AI investment pulls back, consumer spending weakens, and rate cuts prove insufficient against deteriorating fundamentals.This isn't about prediction—it's about understanding which variables actually matter and how they interact. From policy uncertainty to structural economic shifts, we're exploring the frameworks investors need to navigate what comes next. Enjoy! Nothing we say here is investment advice – we don't know your personal situation, your goals, or any other variables that we use to create a unique financial and investment plan for you and your family. We're here just chatting and of course you're welcome to reach out to anyone at Doxa Capital if you are interested in a plan that complies with your financial situation. The views expressed are that of Chase, David, and Conor and should not be held as representations of their respective firms. For terms and conditions, please visit our website at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://doxacap.com/terms-conditions/⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Music by ⁠⁠⁠⁠⁠⁠⁠Agent Method

    35 min

  3. 09/12/2025

    The AI Spending Boom (Ep.26)

    Chase & David break down the AI spending boom into three parts for episode 26: 1) Is AI infrastructure spending big enough to mask underlying economic weakness. When tech companies are dropping hundreds of billions on data centers and infrastructure, it creates ripple effects across markets and GDP. Are we in a bubble? 2) David asks the question about the energy shortfall equation that's creating real bottlenecks. From utilities to power generation, the math is getting interesting. 3) What's next in the AI chain—agentic AI that can actually take actions, not just chat. We discuss who wins when these agents need massive amounts of proprietary data to be useful, and why the companies sitting on the right data sets might be the real beneficiaries of this next wave. From capex distortions to energy bottlenecks to data ownership, we're covering the investment themes that matter beyond the AI headlines. Enjoy! (3:20) An AI Bubble? (9:05) Where does all the money go? (12:15) Why big dollars doesn't equal big jobs. (15:10) The energy bottleneck. (21:20) How the big models (& companies) relate to all the spending. (27:00) An AI model and a microwave. (31:45) The next stage - Agentic AI Nothing we say here is investment advice – we don't know your personal situation, your goals, or any other variables that we use to create a unique financial and investment plan for you and your family. We're here just chatting and of course you're welcome to reach out to anyone at Doxa Capital if you are interested in a plan that complies with your financial situation. The views expressed are that of Chase and David and should not be held as representations of their respective firms. For terms and conditions, please visit our website at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://doxacap.com/terms-conditions/⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Music by ⁠⁠⁠⁠⁠⁠⁠Agent Method

    45 min

  4. 07/29/2025

    An Economic Situationship? (Ep.25)

    Chase & David dive into the economy's "situationship"— you know, that awkward phase where nothing's dramatically changing, but there are definitely some moves happening that could matter depending on your specific situation. In this midsummer update, we break down the latest tax law changes and explore how they might (or might not) affect you, depending on where you sit. From marginal tax adjustments to child tax credits, SALT deductions to tariff timing, we're covering the legislative shifts that aren't making headlines but could still move the needle for your financial planning. We also dive into a market update and the slow burn from what's essentially a $350 billion tariff tax hike. Enjoy! (3:20) It's all in the margin (8:50) CTC & 529's (11:40) SALT & depreciation changes (13:55) Health insurance downsides (18:50) Tariff timing & price changes (26:30) American Manufacturing? (30:25) Making sense of the recent market move Nothing we say here is investment advice – we don't know your personal situation, your goals, or any other variables that we use to create a unique financial and investment plan for you and your family. We're here just chatting and of course you're welcome to reach out to anyone at Doxa Capital if you are interested in a plan that complies with your financial situation. The views expressed are that of Chase and David and should not be held as representations of their respective firms. For terms and conditions, please visit our website at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://doxacap.com/terms-conditions/⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Music by ⁠⁠⁠⁠⁠⁠⁠Agent Method

    37 min

  5. 05/29/2025

    The Doxa Axioms (Ep.24)

    In this episode, it's just us—no guests, no agenda, just a lighthearted dive into the "Doxa Sayings" that guide everything we do at Doxa Capital. Think of this as a philosophical tour inside Doxa, where we share the timeless principles that have shaped our approach to markets, risk, and life. Sometimes the most valuable insights come not from market predictions, but from the foundational truths that keep you centered when everything else is changing. Enjoy! (2:50) "Don't save what's left after spending, but spend what's left after saving." (5:12) "Growth is about predicting the future, value is about fixing the past." + "When quality and value overlap, buy the **** out of it and don't ask questions." (11:10) "Make financial decisions when you want to, not when you have to." (13:50) "The best ideas are when you see something inevitable while consensus continues to debate it. The worst ideas are something you think is inevitable but will continually be debated." (14:45) "Victory comes from finding opportunities and problems." (17:06) "The variable to try and solve for is endurance - be average for an above average amount of time." (18:55) "Invest then investigate." (23:46) "The most powerful thing in investing: compounding. The hardest thing in investing: selling. The best thing in investing: stop caring about FOMO." Nothing we say here is investment advice – we don't know your personal situation, your goals, or any other variables that we use to create a unique financial and investment plan for you and your family. We're here just chatting and of course you're welcome to reach out to anyone at Doxa Capital if you are interested in a plan that complies with your financial situation. The views expressed are that of Chase and David and should not be held as representations of their respective firms. For terms and conditions, please visit our website at ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://doxacap.com/terms-conditions/⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Music by ⁠⁠⁠⁠⁠⁠⁠Agent Method

    30 min

  6. 04/22/2025

    3rd Annual Spring Update w/ Callie Cox (Ep.23)

    We're delighted to continue our annual tradition with Callie Cox, marking our third conversation with the Chief Market Strategist at Ritholtz Wealth Management and author of the OptimistiCallie newsletter. Callie brings her experience from roles at eToro, Ally Invest, LPL Financial, and TABB Group to talk about the volatile landscape. We break down the essentials of risk management, look at the "all-weather" portfolio concept, and Callie shares her take on maintaining a long-term focus in today's short-term world. As a trusted voice in financial media with contributions to Business Insider, CNBC, Bloomberg, the Financial Times, Yahoo Finance, and Barron's, Callie delivers the practical wisdom investors need in today's complex landscape. Enjoy! (3:15) Market Correlations (11:55) Economic Outlook (18:05) Long-term thinking in a short-term environment (25:00) Risk management into a slowdown (32:00) David & Chase close with some Doxa Takes Nothing we say here is investment advice – we don't know your personal situation, your goals, or any other variables that we use to create a unique financial and investment plan for you and your family. We're here just chatting and of course you're welcome to reach out to anyone at Doxa Capital if you are interested in a plan that complies with your financial situation. The views expressed are that of Chase, David, and Callie and should not be held as representations of their respective firms. For terms and conditions, please visit our website at ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://doxacap.com/terms-conditions/⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Music by ⁠⁠⁠⁠⁠⁠⁠Agent Method

    39 min

  7. 03/06/2025

    Lending amid Uncertainty w/ Paul Reilly (Ep.22)

    We're honored to welcome back Paul Reilly, VP of Business Banking at a Northern Virginia community bank. He shares insights on today's lending landscape, the state of commercial real estate, and how policy uncertainty is shaping small business investment decisions. Just as in episode 9, Paul offers a valuable perspective on how his clients are navigating this up and down environment. Enjoy! (3:11) Quick Market Update (6:00) Lending Environment (10:00) Gov't Multipliers (15:40) NoVa Data Centers (17:35) CRE (25:45) Value of Relationships (29:01) Rates & Credit Nothing we say here is investment advice – we don't know your personal situation, your goals, or any other variables that we use to create a unique financial and investment plan for you and your family. We're here just chatting and of course you're welcome to reach out to anyone at Doxa Capital if you are interested in a plan that complies with your financial situation. The views expressed are that of Chase, David, and Paul and should not be held as representations of their respective firms. For terms and conditions, please visit our website at ⁠⁠⁠⁠⁠⁠⁠⁠https://doxacap.com/terms-conditions/ ⁠⁠⁠⁠⁠⁠⁠⁠Music by ⁠⁠⁠⁠⁠⁠⁠Agent Method

    33 min

  8. 02/04/2025

    Insurance Deep Dive w/ Tony Iannarelli (Ep.21)

    Chase and David welcome insurance expert Tony Iannarelli, the founder of TIG Financial, a full-service insurance agency known for its innovative approach to client protection. Tony breaks down the essentials of liability coverage, home policies, and the critical decision-making process behind claims. From natural disaster cat claims to everyday protection strategies, he demystifies the complex world of insurance through real-world examples and practical insights. Enjoy! (4:30) Quick Market Update (6:55) Insurance Primer (10:00) Liability and Deductibles (13:00) A tree fell on my house (18:10) Growth v. Profitability (27:00) Pro Tips (34:00) Natural Disasters / Cat Claims Nothing we say here is investment advice – we don't know your personal situation, your goals, or any other variables that we use to create a unique financial and investment plan for you and your family. We're here just chatting and of course you're welcome to reach out to anyone at Doxa Capital if you are interested in a plan that complies with your financial situation. The views expressed are that of Chase, David, and Tony and should not be held as representations of their respective firms. For terms and conditions, please visit our website at ⁠⁠⁠⁠⁠⁠⁠https://doxacap.com/terms-conditions/⁠⁠⁠⁠⁠⁠⁠ Music by ⁠⁠⁠⁠⁠⁠⁠Agent Method

    41 min
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5
out of 5
4 Ratings

About

Nothing we say here is investment advice – we don’t know your personal situation, your goals, or any other variables that we use to create a unique financial and investment plan for you and your family. We’re here just chatting and of course you’re welcome to reach out to anyone at Doxa Capital if you are interested in a plan that complies with your financial situation. The views expressed are that of Chase & David and should not be held as representations of their respective firms. Past performance is not indicative of future results. Investing involves risks.

Information

  • Creator
    Chase Lee, CFA
  • Years Active
    2022 - 2026
  • Episodes
    28
  • Rating
    Clean
  • Copyright
    © Chase Lee, CFA
  • Show Website
    Doxa Takes