September 2017
Dear Investors, For those of you that have been with us for a long time, you know that one of the key elements of our strategy is to load up on positions when prices make no sense, offering huge upside and a large margin of safety.  In today’s expensive overall market, there have been a...
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Dear Investors, In our newsletters, I’ve commented on several occasions about the similarities that we are seeing between now and 2000.  One of the major similarities is that glamour stocks such as Amazon, NVIDIA, Tesla, etc., are trading at valuations that are nearly impossible to justify, while other out of favor, yet profitable, companies can...
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First of all, I want to start by saying that all of our thoughts and prayers are for any of you that have or will be impacted by this terrible hurricane season.  Seeing the images of massive amounts of families being displaced and in jeopardy is never easy, but hopefully some good comes with the...
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