Stocks: Rent or Own?
Today, many are effectively “renting” stocks in an attempt to create short-term trading gains, rather than owning equities for long-term total investment return.
Why Are So Many Gamblers Looking to Be Zeroed Out?
Our process and these companies weren’t built in a day, and serious investors should remember that wealth rarely comes from short-sighted endeavors.
The Year of Triple Tightening
We define triple tightening as the Fed raising interest rates, the Fed’s balance sheet shrinking, and reduction in fiscal programs to recipients.
Reaching for Yield and Landing in Failure
We will continue to evaluate our bank holdings on an individual basis with a keen eye on managing overall risk.
Watching & Waiting: The Return to the 2% World?
If the 2% world is considered to be the normal world, why are we so far off the mark, and what are the underlying conditions that would make it normal again?
Watching & Waiting
As we move forward into 2023, Watching and Waiting seems an apt description of the posture of investors and where we find ourselves today.
Looking Back and Looking Ahead
Since we find ourselves at the beginning of a new year, let’s take a broad look back at what we have seen transpire over the past 12 months.
Pendulum Shift: Inflation, Interest Rates, and Fed Policy
The rise in rates has been dramatic and had a pervasive effect across financial markets.
Britain's Minsky Moment
On September 28, the Bank of England (BoE) backstopped the gilt market, the British government debt market equivalent to the United States Treasury market.
Index Crowding May Be the Next Problem Facing Investors
While passive investing appears to be serving investors adequately, we see underpinnings of deterioration.
The Big Four: Sifting Through Economic Data
The Big Four provides a framework for our thinking, enabling us to continue to take a long-term approach to investment decision making.
Can Your Portfolio Withstand Divided Government?
In a period where fiscal policy and monetary policy seem to be at odds, we believe investors should participate in the market via high-quality companies.
