I really don’t like writing updates like this but I feel like it is an efficient way for me to give you a thoughtful update …

The US stock market has fallen rapidly in response to investors seeking to reduce risk in the face of the uncertainty of the Coronavirus.  Bear …

Over the last 12 months, investors have continued to sell stocks and buy bonds with $171 billion leaving stocks and over half a trillion going …

As I mentioned in the last article, we see limited upside potential for US stocks in 2020.  Our estimate of fair value on the Dow …

Investment markets in the US performed well in 2019, but investing hasn’t been nearly as easy for stock pickers unless you put your money in …

Portfolio Insights Financial market commentators seem to change their minds daily about the outlook for the stock market.  One day they are excited about stocks …

Lately, we have seen unprecedented volatility in the US stock market with swings in excess of a thousand points in a couple of days for …

The herd is jumping off the cliff  A large part of my job as a portfolio manager is to appraise the value of companies.  I …