Fundamentals Will Trump Bullish Sentiment Over The Long-Term
Photo by Gajus “Get the fundamentals down and the level of everything you do will rise.” – Michael Jordan The stock market has been ripping upwards ever since the U.S. election on November 9th, with investors pouring more than $100 billion into U.S. equity ETFs during...
Bloodletting and Monetary Policy
“In March 1853 she was afflicted with a pain in the chest; her tongue seemed to be covered with a film; leeches failed to make her breathing any easier.” – Gustave Flaubert, A Simple Heart The practice of bloodletting in order to cure health ailments originated...
The Active (Value) Investor’s Manifesto
Photo by jayzynism. “I’m convinced that everything that’s important in investing is counterintuitive, and everything that’s obvious is wrong.” – Howard Marks, Co-Founder of Oaktree Capital Management Don’t let the conservative dress habits of the financial services...
Value vs Growth and the Path to Monetary Normalization
Photo by cacaroot. “In economics, things take longer to happen than you think they will, and then they happen faster than you thought they could.” – Rudiger Dornbusch, economist Value investing can be a challenging endeavor, even in the best of...