Economics at Large
Talking Your Book (TYB)
TYB is not a crime and we are in favor of it as much as the next person with a full position. But rarely do
Jeffrey Bronchick, CFA
January 31, 2023
TYB is not a crime and we are in favor of it as much as the next person with a full position. But rarely do
Many institutional clients judge us on relative results vs the Russell 2000 Value. 25% of the index is in Financials which are mostly banks. Reason
We have not made a lot of money in the last..4 years?….in Viasat. Maybe a little vig from buying a LOT at 30 and letting
Click the image to download a PDF version. This is always the worst time of year to write about “Strategy” because of the cacophony of
Mean Reversion. Valuation Matters. Behavioral Finance- people take a long time to see, admit and react to change. Dot-Com Redux How to invest after valuation
We don’t know either of the parties. We don’t own the stock. But we certainly agree with X premise: social media has enabled any breathing
One of the most common questions you hear when professional investors are being interviewed is “what do you think is interesting in the current market
Security Analysis was probably the investment book most quoted, and least actually read of its time. Howard Marks could be the most-read investment writer of
Press Release from FederalReserve.gov December 02, 2022 Statement by Governor Waller on principles for climate-related financial risk management for large financial institutions “I cannot support
Excerpt taken from Graham & Dodd Annual Breakfast 2022 Guest Speaker: Todd Combs, Moderator: Michael Mauboussin Summary: The event’s guest speaker was Todd Combs and
Excerpt from Musings on Markets: META Lesson 1: Corporate Governance “After five decades of research in corporate governance, my sense is that we have lost
You don’t have to be a poet to understand that today’s world continues to rhyme with thousands of years of our past because we just
