Market and Capital Gains Cycles
Market and Capital Gains Cycles Generally speaking, everyone loves a bull market and no one loves a bear market. As professional...
Aug 8, 20185 min read
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....
May 21, 20184 min read
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...
Jan 26, 20185 min read
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...
Oct 31, 20176 min read
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...
Jul 28, 20175 min read
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...
May 3, 20173 min read
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...
Nov 18, 20164 min read
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...
Jul 27, 20166 min read
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...
May 4, 20164 min read
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,...
Jan 30, 20165 min read
