2016 has officially been the worst start to a year in history for equity markets.  Globally stocks are trading at levels they haven’t seen since 2013 or earlier depending on the market, and many markets are officially in bear markets defined by 20% declines.  Over the last 7 years of this bull market we have...Read More

Read the latest research report by our Chief Investment Officer Tim Travis on JPMorgan Chase & Co (JPM) JPMorgan Chase: Take Advantage of Short-Term FermsRead More

Read the latest research report by our Chief Investment Officer Tim Travis on Wells Fargo & Co. (WFC) Sell-Off in Wells Fargo Creates Long-Term Buying OpportunityRead More

Read the latest research report by our Chief Investment Officer Tim Travis on Citigroup (C). Citigroup: Bank on Mr. Market’s Unfounded ParanoiaRead More

Well 2016 has certainly began with a roar of negativity.  We’ve had Iran and Saudi Arabia severing diplomatic ties at a crucial time for the Middle East, North Korea claiming to have launched a hydrogen bomb, and China has had two 7% declines that shut down its stock markets.  In addition the Chinese Yuan has...Read More

Below is a good little video from Bloomberg about Warren Buffett’s Berkshire Hathaway being down about 12% in 2015.  Also I saw that Bill Ackman’s Pershing Square, which was one of the best performers in 2014 was down more than 20% for the year, so I’ll share that article too.  This is why I always...Read More

As we begin a new year I’m struck by the level of pessimism that pervades the outlook for stocks, bonds, commodities, etc.  It is important to note that “market feeling” and $5 might buy you a cup of coffee at Starbucks, but nothing more.  It is highly irrelevant in predicting market returns and if anything,...Read More

On December 24th, Puerto Rico, creditors, and the bond insurers’ came to an agreement to restructure the debt of the island’s electric utility PREPA.  PREPA has about $8.2 billion in debt in total, a significant chunk of the island’s roughly $70 billion in debt.  Basically the creditors are taking a 15% hit on their bonds,...Read More

Investing is the idea of buying a security or an asset, that on the basis of fundamental research, allows you to believe that in time the security or asset will be worth more than what you paid for it in the first place.  The securities that we are buying are fractional shares of actual businesses,...Read More

This week the Federal Reserve will make a decision on interest rate policy where is it expected to raise by 25 bps.  This would be the first raise in nearly a decade, which is stifling to begin with.  There has been a great deal of volatility of late, which is not uncommon before a rate...Read More