Happy New Year as we at T&T Capital Management are immensely excited to start 2023.  While 2022 was a nightmarish market for both equities and bonds, largely due to out of control inflationary pressure, and the disastrous war in Ukraine, I feel we are in a great position going into 2023.   One Warren Buffett...Read More

The S&P 500 is down roughly 20%, the Nasdaq was down nearly 33%, and the average 60/40 portfolio is down about 17%.  As we’ve discussed many times over the year, it is very rare that both stocks and bonds perform so badly in the same year.  When you think back at 2020 and 2021, you...Read More

When we wrote to you last week, we mentioned an encouraging CPI report, but the market was waiting to see how Powell spoke the next day before showing any real rally.  As has been the status quo for the year, Powell spoke very hawkishly despite the enormous evidence that inflation has peaked and the economy...Read More

I hope you had a great Christmas!  Today I came across an interesting article on Bloomberg discussing the fact that the 6 big U.S. banks have combined to make nearly $1 trillion in profit over the last decade, despite being universally hated stemming from the last Financial Crisis, and dealing with a historically low interest...Read More

We’ve written about sequence risk on many occasions in the past.  While most investment projections are based on average returns, the reality is that returns don’t happen that way.  There is a sequence to them, and for those recently retired, or close to retirement, sequence risk is an extremely important consideration. Losses taken early in...Read More

In a recent interview on CNBC, Warren Buffett mentioned that if interest rates were to stay below 3% on the 10-year, stocks are incredibly cheap.  I talked about the same thing in the recent podcast with Tobias Carlisle.  The reason that this is so, is because interest rates have an almost gravitational impact on stocks....Read More

There is the saying “time heals all wounds,” which has likely been around for centuries, and for good reason.  Whether it is an injury, or a broken heart, time truly is a great healer.  When it comes to investing though, time can create a mental fog of sorts, as recency bias can outweigh the realities...Read More

Respected author and value investor Tobias Carlisle, interviewed T&T Capital Management CEO/CIO on his Acquirers Multiple podcast.  The two discussed various investments such as Assured Guaranty, Puerto Rico bonds, and Kennedy-Wilson.  They also delved into topics such as passive investing and market valuations.  We hope that you enjoy!Read More

The Retirement Crisis White Paper   Dear Investor,   When you are in the midst of a bull market, it can be very easy to lose your sense of risk.  Even though this bull market endured rather quick bear markets in 2011, 2015-2016, and in 2018, the general trend has been upwards.  Investors that have...Read More

6 Tips to Increase Your Odds of a Successful Retirement Finances are one of the most common sources of stress that we face in life.  Unfortunately, many people find themselves woefully unprepared.  According to the U.S. Government Accountability Office, nearly one half of those approaching retirement age (55 and up) had nothing saved in a...Read More