Monthly Newsletter – April 2023

By |May 3rd, 2023|

Many of our clients and, for that matter, many people in general, are asking important questions like – Will there be a recession or, when will interest rates start to come down? These are important and the answers will certainly be important in determining how well an investment portfolio will do in 2023, however, the answers are highly uncertain. In this month’s newsletter, David argues that there is another question that is more important in terms of managing your investments can be answered with a higher degree of certainty.

Monthly Newsletter – March 2023

By |April 3rd, 2023|

Like you, I am carrying nicely printed pieces of plastic in my wallet. The green ones are “worth” $20.  Well, that is to say, you can exchange them for $20 of other stuff; and you can pay your taxes with them.  The value of the plastic, as plastic, is of course pretty much zero.  It was not always this way with money. David explains these in this month’s newsletter.

Monthly Newsletter – January 2023

By |February 2nd, 2023|

Why are the central bankers still raising rates? In this month’s newsletter, David explains that this is likely because the tools they are using are incredibly complicated to interpret and are perhaps not as relevant in today’s environment. As such, our focus will always be on the companies we own, and less about what the sometimes confused central bankers might do next.

Monthly Newsletter – November 2022

By |December 5th, 2022|

“Titan” by Ron Chernow is a titanic book about John D. Rockefeller, the richest man in the world 100 year ago. David recently waded through the 800 pages and found that it painted a terrific portrait of a very unusual man, and a very unusual period in American history. He found that there are lots of lessons to be learned from his life, and many of them seem particularly relevant right now.

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