Market Commentary
1st Quarter 2022 Market Commentary
During a volatile start to 2022, investment strategies that outperformed during the last few years struggled in a market where energy and mining stocks provided
4th Quarter 2021 Market Commentary
The news of the omicron variant roiled financial markets during the fourth quarter, resulting in losses for energy and other cyclical sectors that had rallied
3rd Quarter 2021 Market Commentary
In 2008 there had still been a note of hesitancy about central-bank interventions. In 2020, that was gone. The full implications of the opening of
2nd Quarter 2021 Market Commentary
The only function of economic forecasting is to make astrology look respectable. – John Kenneth Galbraith The economic recovery continued to gain momentum and drive
1st Quarter 2021 Market Commentary
What investment can we find which offers real fixity or certainty of income? …the man or woman who invests in bonds is speculating in the
4th Quarter 2020 Market Commentary
In preparing for battle I have always found that plans are useless, but planning is indispensable. – Dwight D. Eisenhower The successful launch of two
3rd Quarter 2020 Market Commentary
Leaving the question of price aside, the best business to own is one that over an extended period can employ large amounts of incremental capital
2nd Quarter 2020 Market Commentary
…once the investor pays a substantial amount for the growth factor, he is inevitably assuming certain kinds of risk; viz., that the growth will be