Disruptive Technology, Slow and Fast
As bottom-up stock pickers, we are inundated with comments from smart people about the next major breakthrough in this or that. Sometimes...
Jul 28, 20175 min read
You Don't Change Chinatown, It Changes You
The line above was spoken by the conflicted protagonist in the 1999 movie The Corruptor, directed by James Foley. At least the first...
May 3, 20173 min read
Comparing 1968, Background on the Indexes, An Important Index Observation
Comparing 1968 We started researching this essay to highlight the similarities between 1968 and 2016. Major topics in 1968 echoed in 2016...
Nov 18, 20164 min read
A Period of Consolidation
Amid increasing volatility and a period of consolidation, the S&P 500 Index returned 3.8% through the 2nd quarter and is only slightly...
Jul 27, 20166 min read
Flip-Flops, A Tidbit, Knowing What’s Important
Flip-Flop According to William Safire’s 1982 New York Times column On Language, the term flip-flop took off in the 1940s and was used by...
May 4, 20164 min read
Main Drivers of the Stock Market
As bottom-up stock pickers, we are nearly exclusively focused on identifying stocks of well-run companies that offer attractive,...
Jan 30, 20165 min read
Competitive Advantage
We seek to own shares of companies with durable competitive advantage. If maintained, a company should consistently generate cash at a...
Oct 31, 20155 min read
The Pause That Refreshes
The Pause That Refreshes Halfway through 2015 the S&P 500 is flat, a refreshing pause from the current stock market advance that began in...
Jul 27, 20155 min read
On Indexing
With the spate of articles and analyses of how index investing is superior to active management, it is time we weighed in on the topic....
May 1, 20154 min read
