Most financial advice starts with an asset allocation model.  These asset allocation models typically use information from the past, typically the last 30-40 years or so, and then project that into the future.  The big flaw in the process is that they don’t factor in changes in starting conditions and valuations.  For instance, on January...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

While this optimism ultimately may prove to be valid if interest rates stay this low for many years to come and if earnings continue to grow, there is also a very real chance that many market participants will get badly burned. Most of this year's stock returns for the overall market are coming from Amazon,...Read More

On May 4th, Assured Guaranty reported another phenomenal quarter of financial performance. Operating income was $273MM, or $2.14 per share in the quarter. These figures were up from $123MM, or $.89 per share in the prior year’s quarter. These returns were achieved despite the company adding an extra roughly $100MM in reserves for Puerto Rico,...Read More

Nearly a decade of unprecedented fiscal stimulus was bound to create bubbles. Last year, we had the great sovereign debt bubble where investors were paying countries and companies for the right to LOAN them money. As interest rates, have climbed, the foolishness of those participants has become more apparent as have their losses. Yield-desperate market...Read More

The most important factor to producing strong investment returns are valuations, and lately with a slight increase in volatility, valuations on some key opportunities have become more attractive.Read More

At T&T Capital Management, (TTCM) our core competencies are research and money management. The first step in our investment process is identifying deeply undervalued securities...Read More

As I write this, the Dow has experienced its longest losing streak since 2011. Nearly 1/4th of the way into 2017, we are finally seeing some real volatility and more attractive investment opportunities are popping up each day.Read More

Today I read an excellent article in the WSJ regarding the fact that stocks have tripled since their March 2009 lows, but savers are still being squeezed from low interest rates...Read More

Warren Buffett's first rule of investing is not to lose money. His second rule is not to forget about the first rule. For those of you that have been with us for years, you have heard us talk a lot about maximizing risk-adjusted returns...Read More