This week’s memo is going to be a bit more abbreviated than most as we’re waiting for – as we’re sure you are as well – an outcome from tomorrow’s election to give us a better understanding of where we’re going next in portfolios. If you [...]

Eight days. That is all that’s left in the latest test of our 2020 resiliency. Eight days from today we are going to know the results of the 2020 Election…hopefully.  We are not going to spend time today discussing who we think will preva [...]

Time is a weird beast. If you are like us, this COVID season has both raced by and crawled. In some ways, it seems like we have been dealing with this pandemic FOREVER. Yet it also seems like we just sent you a note about earnings season [...]

Most people will not remember it these days, but there was a great 80’s comedy movie – starring Chevy Chase (one of your authors’ favorites) – called Funny Farm. It was an admittedly formulaic 80’s comedy – but it was also just funny.  It [...]

For those of you that remember your Philosophy 101 classes in college, you may remember the philosophical school of Stoicism. The Stoics were interesting folk. They essentially believed that “virtue” was the only good and any external thi [...]

“Is the market high only because of some irrational exuberance – wishful thinking on the part of investors that blinds us to the truth of our situation?" -Robert J. Shiller, Irrational Exuberance (2000) The quote above is the main questio [...]

“It has been said that politics is the second-oldest profession. I have learned that it bears a striking resemblance to the first.” -President Ronald Reagan Thirty-two weeks ago, we wrote our first in what became a weekly series of “COVID [...]