There is no doubt that oil’s rapid decline and the U.S. dollar’s ascension have been the two most important macroeconomic themes over the last 6 months.  It is very fashionable right now for market pundits to pronounce that oil is heading to $30 or even $20 a barrel, due to excess supply and weak demand. ...Read More

Read Part II – A Review of 2014 and 2015 Preview from Chief Investment Officer Tim Travis.   Part II – A Review of 2014 and 2015 PreviewRead More

The recent crash in the energy markets reminded me of an article we wrote in 2012, which outlined famous value investor Prem Watsa’s investment in International Coal.  This article is highly relevant to what is going now and how money can be made over the long-term, through investing in cyclical industries during downturns.  Value investing...Read More

At T&T Capital Management (TTCM) our most important options strategy that we employ is the selling of cash-secured put options. Cash-secured means that we generally don’t employ using leverage in relation to options trading as it can cause problems, like any leveraged strategy can.  Selling cash-secured puts allows the investor the opportunity to create a...Read More

Read our latest research report from Chief Investment Officer Tim Travis on American International Group (AIG).   AIG – Large Discount to Intrinsic Value, P&C Business Needs to DeliverRead More

It has certainly been a wild couple of weeks in the markets.  We saw extreme pessimism emerge in an instant, driving down equity markets around the world in dramatic fashion.  Just as quickly, markets have recovered many of the gains that were lost.  Oil and energy stocks are the primary exception as excess supply and...Read More

In the last several weeks we have seen extreme volatility in global markets.  Most notable is the decline in crude oil prices, which have come down in excess of 23% from their highs.  There are a variety of excuses for the selloff such as weak economic growth, EBOLA and ISIL.  The reality however, is that...Read More

Volatility has started to accelerate in the stock market, which has predictably led to higher anxiety levels.  Many market pundits will point to specific catalysts such as Syria, Ukraine and Ebola, but the reality is that many of these risks have also existed while the market has been rising.  Much of what is going on...Read More

Record low interest rates have had severe consequences on retirees and net-savers that have found that they are having to work until much later in life than they initially had expected, as the investment income is just not there due to anemic bond yields.  The Federal Reserve’s Quantitative Easing program has forced many investors to...Read More

On behalf of our Chief Investment Officer Tim Travis…   Hello Everyone, I stumbled upon an article on MarketWatch that said we are in the 3rd biggest stock market bubble in history.  Firstly, I don’t agree with that premise, although I do believe that the market is quite expensive.  The analysis is based on a...Read More