Don’t Get Rugged
Be forewarned – we are going to empty the quote bin this quarter.
Q1 2021 Strategy Letter
Well, let’s just say things are different in 2021.
December 2020 Strategy Letter - Soufflés and Sledgehammers
As we have noted previously, one cannot practically ignore the celebration regarding our annual lap around the sun, although I think it’s fair to say that there are roughly 7.5 billion people outside of Silicon Valley—or those who run large cap growth/tech funds—that are delighted to see 2020 declared over.
Mr. T and Today’s Investment World
It would be correct to say that a number of us have had a little more “alone” time on our hands over the last 6 months and it is also correct to note that the online world provides many chances to waste said time. Which brings me to Mr. T of A-Team fame, who for completely nostalgic and personal family reasons, comes to the fore at particular times with his “I Pity the Fool” meme.
2020 Is Cancelled
- How this environment stacks up in a 36-year value investing career
- 5 things we think are important for our investors
- What we are actually doing in our portfolios right now
Here is a Strategy: Buy as Much ViaSat as You Can Stomach
We spend a lot of time in these pages endeavoring to wax poetically about the world at large and our investment place within it, even though that is not really what we do for a living. We get it. Some people just want to know our thoughts about the investment world…and yes, we do have opinions on that subject.
Repetition Can Be a Form of Change
Despite Sauron and Einstein’s failed attempts at unified theory, 2019 was simply the tenth year whereby interest rates were low and went lower, credit remained both cheap and plentiful, the economy was “good enough,” and those who can print money re-dedicated themselves to a willingness to print money. The logical conclusion to this set of events is to buy and hold U.S. equities. Drop the mic—again.
Tales From the Proxy…Cont’d.
"I am more worried about this election trend than Russian issues. "