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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, 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......

Dear Investors, As we entered into 2018, all anybody seemed to want to talk about in financial circles was the meteoric rise of Bitcoin and other digital coins. As we have stated repeatedly in our commentaries, one of the many problems with these coins is......

I stumbled upon an interesting article that I thought you might enjoy and is relevant to today’s environment. I, like most people am quite optimistic on the U.S. and global economy. Job creation has been strong, and I believe we should see wage growth accelerate.......

As we’ve been discussing, we have been in a very difficult market environment for value stocks, similar to what we saw in the late 1990’s.  While most value investors trailed the indices during those bubble days, many ended up making fortunes the following years as......

As stock market euphoria continues unabated, I found a fabulous article that describes bull and bear markets that I thought could be highly relevant at this juncture in time. I’m going to keep my comments relatively short and let the article do the talking. As......

I came across an extraordinary paper from Davis Advisors called The Wisdom of Great Investors. The paper is basically a collection of wisdom from some of the greatest long-term investors in history. Since the paper is relatively long, I thought I’d share with you some......

In today’s extremely expensive stock market, we’ve been discussing a few incredibly attractive opportunities with 50%-75% upside potential, and large margins of safety. To find these opportunities, you have to look at areas that are highly out of favor based on short-term concerns, but that......

Firstly, I’d like to wish you all a Happy New Year. I’m excited and hopeful for 2018 and I believe that we could see some exciting changes in the U.S. economy and markets across the globe. At T&T Capital Management, we are focused on protecting......

There is a lot of media attention being put on Puerto Rico right now.  I feel so lucky that we have the types of clients that have donated time and money to people that have been so negatively impacted by these terrible natural disasters that......

I wanted to pass on a very interesting article that I thought you might enjoy and which contains some valuable lessons of the past that are just as applicable today. Here is the link to the article and below are my comments on the subject:......