January 1, 2020
January 2020 – Quarterly Letter
February 5th, 2020 Everything worked last year. International stocks, U.S. based stocks, and fixed income…
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October 1, 2019
October 2019 – Quarterly Letter
“If past history was all there was to the game, the richest people would be…
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August 1, 2019
July 2019 – Quarterly Letter
August 1st, 2019 Congratulations everyone! You are part of the longest economic expansion in U.S.…
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February 4, 2019
January 2019 – Quarterly Letter
January 23rd, 2019 The holidays are usually the most wonderful time of year. This year,…
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February 4, 2019
October 2018 – Quarterly Letter
October 24th, 2018 Generally, the market sells off in the months leading up to the…
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July 12, 2018
July 2018 – Quarterly Letter
July 12, 2018 2018 has been a bit of a grind. Through June 30th, the…
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April 17, 2018
April 2018 – Quarterly Letter
April 30th, 2018 It appears that the recent period of low volatility and steady…
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February 21, 2018
January 2018 – Quarterly Letter
February 5th, 2018 This is not normal. It’s not that returns are excessively positive.…
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January 29, 2018
October 2017 – Quarterly Letter
The economy, and corporate earnings are supporting a continuing increase in stock prices. 2017 is proving…
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January 29, 2018
July 2017 – Quarterly Letter
From the beginning of the year through the end of the second quarter, our equity…
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