January 29, 2018
July 2017 – Quarterly Letter
From the beginning of the year through the end of the second quarter, our equity…
Read More
April 1, 2017
April 2017 – Quarterly Letter
The current bull market turned eight years old this past month. This makes it the…
Read More
January 12, 2017
Jan 2017 – Quarterly Letter
Most predictions reflect the past. Stock market returns average about 9% a year.Failure of Investment…
Read More
October 15, 2016
October 2016 – Quarterly Letter
Stocks are flat over the last couple of years as we continue to work our…
Read More
July 15, 2016
July 2016 – Quarterly Letter
In spite of negative investor sentiment, and mutual fund cash allocations at their highest since…
Read More
April 15, 2016
April 2016 – Quarterly Letter
The market experienced a fairly substantial sell-off in January. Commentators observed that it was the…
Read More
January 15, 2016
January 2016 – Quarterly Letter
Globally, stocks were flat to down in 2015. Most fixed income assets were also down…
Read More
October 15, 2015
October 2015 – Quarterly Letter
Remembering Black Monday -- 1987 I was fourteen years old on Black Monday. Baseball was…
Read More
August 15, 2015
August 2015 – Market Update
Once again, the market has hit some turbulence. For the last few years, it seems…
Read More
June 15, 2015
January 2015 – Quarterly Letter
2014 marked the completion of my second decade as a stock portfolio manager. I embarked…
Read More