- May 21, 2018
- 4 min
TomAto/Tomato, Apatheia/Ataraxia- just don’t suffer unnecessarily
Several ancient Greek philosophies incorporated the notion that wisdom was demonstrated by equanimity in the face of the external world....
- Jan 26, 2018
- 5 min
Current Perspectives on the Risks of Losses
There are two kinds of losses. Obviously, one kind of loss is an actual loss from selling something for less than it was purchased. Keys...
- Oct 31, 2017
- 6 min
American Capitalism: The Bright Ages
In this essay we want to acknowledge the rate and force of change in the world today, and that we believe the US is in an enviable...
- Jul 28, 2017
- 5 min
Disruptive Technology, Slow and Fast
As bottom-up stock pickers, we are inundated with comments from smart people about the next major breakthrough in this or that. Sometimes...
- May 3, 2017
- 3 min
You Don't Change Chinatown, It Changes You
The line above was spoken by the conflicted protagonist in the 1999 movie The Corruptor, directed by James Foley. At least the first...
- Nov 18, 2016
- 4 min
Comparing 1968, Background on the Indexes, An Important Index Observation
Comparing 1968 We started researching this essay to highlight the similarities between 1968 and 2016. Major topics in 1968 echoed in 2016...
- Jul 27, 2016
- 6 min
A Period of Consolidation
Amid increasing volatility and a period of consolidation, the S&P 500 Index returned 3.8% through the 2nd quarter and is only slightly...
- May 4, 2016
- 4 min
Flip-Flops, A Tidbit, Knowing What’s Important
Flip-Flop According to William Safire’s 1982 New York Times column On Language, the term flip-flop took off in the 1940s and was used by...
- Jan 30, 2016
- 5 min
Main Drivers of the Stock Market
As bottom-up stock pickers, we are nearly exclusively focused on identifying stocks of well-run companies that offer attractive,...
- Oct 31, 2015
- 5 min
Competitive Advantage
We seek to own shares of companies with durable competitive advantage. If maintained, a company should consistently generate cash at a...
