Category: Market Commentary

The Gamestop Mess

Every financial asset trades at a level that is related to the present value of its future expected cash flows. That is, unless buyers and sellers are

Read More

Seeing Past the Noise

Below is a copy of a note I recently sent to our investment management clients about the market’s recent turbulence. We thought it might be

Read More

Brexit is Not 2008 All Over Again

As one very well-respected British commentator (Martin Wolf) remarked over the weekend, “The hinge between the EU and the English-speaking powers has been snapped. This

Read More

Greece: Ongoing Soap Opera

I have been watching events in Greece very closely. I’ve learned a fair bit and thought I’d share some of my thoughts with all of

Read More

Recent Market Disruptions

No doubt many of you have been watching the market recently make big swings.  Fortunately, many of you have been through this before and know

Read More