Blog Archives

For the last ten years at least, investment managers who analyze stocks looking for value have had a tough time performing well. It’s becoming easy to wonder if value investing doesn’t ‘work’ any more. Jeremy Grantham has mused that large companies … Continue reading →

Anyone invested in the municipal bond market should keep an eye on Puerto Rico which declared a special form of bankruptcy allowed to it by Congress in a special law passed a couple of years ago. The territory, where population … Continue reading →

Only a few months ago, bond gurus were saying we are finally on trend to higher interest rates, and now, here we are under 3% on the thirty year bond again, at the lowest yield of 2017 so far. The picture … Continue reading →

Often, we’ll hear from clients about articles in the media on market and economic topics, which we find to be wildly wrong, nonsensical, or speculative at best. This post is a reminder that journalists are not economists; they are not … Continue reading →

Last week, President Trump signed an order asking for a review of the Dodd Frank regulatory law. This law, about 24,000 pages of regulations evolving over multiple years, has commonly been vilified for holding back the economic recovery after the credit … Continue reading →