Category: Markets, Rationality & Decision Making

From a recent piece in the WSJ by the Townsend Group. Our simple note. The invention of “quantitative easing” essentially meant that the Treasury printed

I started to cherry-pick some paragraphs here, but why? Read for yourself. The man has an opinion. I think the opinion resonates a LOT with

I recognize that there may be a perception among people who avoid Twitter that the platform represents the epitome of everything that is wrong with

Source: MIDiA Research Forget peak Netflix, this is the attention recession by Mark Mulligan Netflix’s Q1 2022 results caused a stir, with subscriber numbers down

Seeking Safety Well, this has certainly been an eventful quarter. Russia invaded Ukraine, and although not to downplay the severe humanitarian crisis that has resulted,

There are some things that are different in managing assets invested in smaller companies than larger ones. Energy is one such thing. Two years ago,

We would simply note that in the absence of leverage, one does not have to “freak out” when the market goes down. In fact, new

Insurance is something we think we know something about, which entitles us to call out from time to time people who know absolutely nothing about

Team Van Hoisington has essentially walked into their office every day since 1982 and said, “Buy More 30 Year Treasuries.” That has arguably been the

Kicking smart people when they are down has been a great American pastime since the ink dried on the constitution. We pass on that activity.

Wow. I was very worried about how we would move forward in 2022, but now that we have the materiality of this risk factor carefully

Let’s just say it – he is better than ours. Not necessarily more right, and yes, our own Ben Claremon has a better podcast, but

Gavin Baker of Atreides Management in the Q3 Graham and Doddsville newsletter out of Columbia Business School. Also known as “Thoughts that plague you at

We are all constrained by our 24 hour bio-rhythm to some degree. We all have cellphones. We all face unwanted downtime – like waiting at

Mr. Bassman is an interesting guy with an interesting pedigree. The topic of interest that is shared is the investment implications of changes in Federal

“We have a generation of central bankers who are defining themselves by their wokeness,” said Mr. Summers, now a professor at Harvard University. “They’re defining

Yes, it is a correct statement that CSC does not have the quant chops to do our own work in this space (Well, Partner Eugene

Original Press Release posted at sec.gov. SEC Press Release SEC Charges SPAC, Sponsor, Merger Target, and CEOs for Misleading Disclosures Ahead of Proposed Business Combination