Weekly Newsletter

Freedom Calls: 14/9/26, "Santa Fe explains bond markets… and why the best founders are the hardest to underwrite"

by

The team at Freedom Asset Management

September 14, 2026

3 Minutes

Freedom Calls: 14/9/26, "Santa Fe explains bond markets… and why the best founders are the hardest to underwrite"

From the team at Freedom Asset Management

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Pictured: the Cathedral Basilica of St Francis of Assisi in Santa Fe, New Mexico

"Do you know the way to Santa Fe?"  Well, it seems that the baggage handlers at Heathrow don't... 5 days after handing over our luggage, 1 bag has been delivered to Houston (super helpful) and, it seems, 1 bag never left Heathrow at all.  At our low point early on Wednesday morning dealing with the fallout from the UK's air traffic control software failure, it was comforting to know that we were 3,728th in the queue at British Airways!

First world problems aside, we had a great couple of days with Cody and Lori Willard and several of Cody's US investors at the wonderfully charming and cosmopolitan New Mexico state capital of Santa Fe, albeit with a selection of challenging wardrobe options.

The surprise of the week for me was to see Tesla Full Self Driving in action.  Unless you have witnessed it, it just seems like magic.  We left a restaurant after dark, with only one instruction to the car - to take us to our hotel.  The Cybertruck took us down a winding mountain road, joined the main road, navigated several junctions and traffic lights and parked up in front of the hotel parking lot - all without Cody touching the steering wheel once.  It is the future.  

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