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May 7, 2025
Do we need to redefine “value” in this era of the US stock market, or should we continue to sit on the sidelines if traditional metrics show equities to be overvalued?
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Apr 30, 2025
Cognitive dissonance is a superpower.
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Apr 24, 2025
Tesla market value of $780 billion mostly reflects Elon's future dreams, not car sales. The reality? Only $100-180 billion tied to the actual vehicle business.
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Apr 16, 2025
Americans have always outspent Europe on defense, but to be fair, we have a currency advantage. Our military might elevated our currency to reserve status.
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Apr 9, 2025
The US dollar will likely continue to get weaker, which is inflationary for the US.
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Apr 8, 2025
Trump's tariff decisions are unilateral – even though the Constitution clearly places that power in Congress’s hands. Why does he behave like a king?
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Apr 3, 2025
Our long-term client Ed proudly stated, “My money is managed by a paranoid Russian Jew.” This perfectly sums up our approach to investing.
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Mar 18, 2025
Some thoughts on Deepseek from a value investor.
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Feb 15, 2025
One of the biggest hazards of being a professional money manager is that you are expected to behave in a certain way.
May 7, 2025Do we need to redefine “value” in this era of the US stock market, or should we continue to sit on the sidelines if traditional metrics show equities to be overvalued?
Apr 30, 2025Cognitive dissonance is a superpower.
Apr 24, 2025Tesla market value of $780 billion mostly reflects Elon's future dreams, not car sales. The reality? Only $100-180 billion tied to the actual vehicle business.
Apr 16, 2025Americans have always outspent Europe on defense, but to be fair, we have a currency advantage. Our military might elevated our currency to reserve status.
Apr 9, 2025The US dollar will likely continue to get weaker, which is inflationary for the US. 
Apr 8, 2025Trump's tariff decisions are unilateral – even though the Constitution clearly places that power in Congress’s hands. Why does he behave like a king?
Apr 3, 2025Our long-term client Ed proudly stated, “My money is managed by a paranoid Russian Jew.” This perfectly sums up our approach to investing.
Mar 18, 2025Some thoughts on Deepseek from a value investor.
Feb 15, 2025One of the biggest hazards of being a professional money manager is that you are expected to behave in a certain way.