January 15th, 2025
2025: CAUTIOUS OPTIMISM WITH SOME UNUSUAL UNCERTAINTY For years, we have been guided by the direction of corporate earnings (especially those of the companies we invest in) and real-estate cash flows, in conjunction with the level and direction of interest rates. The values of companies and real estate are primarily measured by two factors: earnings/cash […]
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November 20th, 2024
With Republicans sweeping control of the White House, House, and Senate, investors are asking the hard questions: What’s next for the markets? Where are interest rates headed? And is the inflation fight really over? These are just some of the questions we hear from clients and business partners. In this web seminar we will break […]
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October 28th, 2024
September 30, 2024 “Our portfolio doesn’t depend on our being right about the twists and turns of the economy. It depends on our understanding the prospects for our companies and what is discounted in their share prices.” Bill Miller Our investment strategies delivered positive returns in the third quarter, with all of our Security, Defensive, and […]
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June 30th, 2024
June 30, 2024 “The best way to measure your investing success is not by whether you’re beating the market but by whether you’ve put in place a financial plan and a behavioral discipline that are likely to get you where you want to go.” – Benjamin Graham The first six months of the year have […]
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March 31st, 2024
“Invest for the long haul. Don’t get too greedy and don’t get too scared.” – Shelby M.C. Davis The first quarter resulted in strong absolute returns for our defensive and traditional equity strategies. Most strategies have exceeded their respective benchmarks year-to-date. This follows a significant bounce back in 2023 in the wake of a very […]
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