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TTCM Newsletter

Our newsletter explores emerging trends and important news.  Stay current on the subjects that affect your money and investments.  Explore the wide range of topics in our newsletter by clicking any of the links below.

Dear Investors, Earnings season is almost over and has been a very busy time as usual. There are a lot of positive developments occurring with most of our investments. Some of this has been obscured by global concerns over Turkey and emerging markets, but over......

Dear Investors, Today we are launching our new blog www.ttvaluetalk.com. The point of the blog is to educate and inform investors on beneficial investment and financial strategies that we employ at T&T Capital Management. While we have done a newsletter for years, our content has......

Dear Investors, Many of you may remember the rhetoric in the aftermath of the Financial Crisis and the corresponding bear market, that market participants might be permanently scared-off from the stock market. The crisis and loss of wealth was just so severe, coming just eight......

Dear Investors, Military history is riddled with examples where generals and nations were woefully unprepared for battle, due to their ill-founded notions that the next war would be the same as the last. A great example of this was World War 2. The French built......

Dear Investors, Equity markets are in a bit of a tailspin of late given concerns about the uncertainty of trade negotiations. Amazingly, financial stocks have declined a record 13 days in a row, which is creating some interesting value opportunities in the space. As I’ve......

Dear Investors, The Dow Jones index has been negative for 6 days in a row, which has put it in negative territory for the year. The S&P is still up modestly and fortunately we are outperforming thus far. Most people writing about this would say......

Dear Investors, Last week I had the opportunity to give an interview with seekingalpha.com. They asked some engaging questions and I thought that this would be good to share. If you get a few minutes, please give it a read. As always, if you have......

Dear Investors, It has been a common theme over the course of my career that nearly all of our key investments evoke a cringe when mentioned initially. To make big money and outperform over the long-term, you have to have a few attributes going your......

Over the last week, markets have seen a significant jump in interest rates, continuing the year-to-date trend. The 10-year Treasury yield has increased to roughly 3.07%, as I’m writing this. Just a few years ago, there was talk of negative Treasury yields, as was common in......

Dear Investors, This morning, I read an interesting article about retirees becoming increasingly concerned about their ability to have enough money to cover basic living expenses. One of the major reasons for this is the increase in medical and long-term care expenses. Retirees faced a......

Dear Investors, There have been numerous storylines from global political turmoil, problems with advertising firms such as Facebook, and now concerns about chipmakers and hardware sales.  Rising oil and commodity prices will likely result in increased inflation expectations if they hold.  Continued global growth, points......

At T&T Capital Management, our primary focus of course is on deep value investing.  That means we are only interested in buying securities that trade at large discounts to intrinsic value, thereby ensuring us a significant margin of safety.  By doing this, we both protect......

Dear Investors, 2018 has been a very exciting year in the markets thus far for better or for worse. At T&T Capital Management, we have been concerned with equity valuations for the past year. Many stocks in technology and elsewhere have been priced for perfection.......

One stock that we’ve been buying over the last few months is an international real estate development firm called Kennedy Wilson (KW). KW has a large presence in Multifamily and Office real estate in mostly the western United States, the UK, and Ireland. Management takes......

In today’s immensely expensive stock market, it is important to find non-correlated investments that are undervalued. In year nine of a bull market, we have no idea who out there is swimming naked. Tens of billions of dollars have piled into index funds, which pay......

Earnings season is finally getting close to winding up for the 4th quarter of 2017. It has been a busy couple of weeks for companies that we are invested in. Below you’ll find some updates on key positions. We are seeing a lot of market......

Dear Investors, At T&T Capital Management, we have clients of all ages with varying financial circumstances. There is no cookie-cutter financial plan that works for everybody, but I did think it would be helpful to create a short list of tips that I’ve learned over......

Dear Investors, Stock markets across the globe have officially undergone a much overdue correction, defined as a 10% drop. It seems like a lot more because the market was uncharacteristically calm last year. Enhanced volatility is actually a more normal environment and is not something......

Dear Investors, What a day, with both the S&P and Dow Jones indices declining by over 4%. From the highs hit a week ago, the indices are down over 8%. This isn’t very shocking to us as we’ve been concerned about the markets for quite......

Dear Investors, While markets are finally showing signs of the volatility we have been expecting, we received some good news on one of our most significant positions, Assured Guaranty (AGO). Today the company announced that its subsidiaries are reinsuring approximately $14.5 billion of net par......