Investment Outlook

Jul 1, 20164 min read

Markets Are Driven By Emotions

Click here to view the pdf version. “The Only Thing That Is Constant Is Change.” - Heraclitus I plan on keeping this monthly outlook...

Jun 1, 20165 min read

The Name Of The Game Is To Make Money

Click here to view pdf version. “Common sense is not so common.” – Voltaire Life as an independent investment manager can be quite lonely...

May 1, 20165 min read

Happiness and Market Returns

Click here to view the pdf version. “I'm not in this world to live up to your expectations and you're not in this world to live up to...

Apr 1, 20165 min read

Rising Sun

Click here to view the pdf version. “Japan's very interesting. Some people think it copies things. I don't think that anymore. I think...

Mar 1, 20166 min read

Best Portfolio Insurance on the Market

Click here to view the pdf version. “By failing to prepare, you are preparing to fail.” - Benjamin Franklin Insurance is a funny thing....

Feb 1, 20166 min read

Get Comfortable, It’s Going to Remain Bumpy

Click here to view the pdf version. “If you can’t explain it simply, you don’t understand it well enough.” - Albert Einstein In 1984, the...

Jan 1, 20164 min read

Forecasting and the New Year

Click here to view the pdf version. “We have two classes of forecasters: Those who don’t know and those who don’t know they don’t know.”...

Dec 1, 20155 min read

Violence, Underperformance and Bubbles

Click here to view the pdf version. “Violence is the last refuge of the incompetent.” - Isaac Asimov The horrific and cowardly terrorist...

Nov 1, 20157 min read

November 2015

Click here to view the pdf version. “Whenever you find yourself on the side of the majority, it is time to pause and reflect."- Mark...

Oct 1, 20156 min read

October 2015

Click here to view the pdf version. “Nobody goes there anymore. It’s too crowded.” – Yogi Berra Growing up I was never mistaken for an...

Aug 1, 20156 min read

August 2015

Click here to view the pdf version. “Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed...

Jul 1, 20156 min read

July 2015

Click here to view the pdf version. “Words make you think. Music makes you feel. A song makes you feel a thought.” - E.Y. Harburg I came...