4th Qtr. Newsletter – January 2022

Resiliency If you stay in the running – if you have endurance – you are bound to win over those who haven’t.                                            -Glenn Cunningham (1909 – 1988), athlete From a young age, I have always had a love for sports and the story of Glenn Cunningham may be the front runner. As a young school …

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December Luncheon Recap

The 2021 Monarch Christmas Lunch Seminar earlier this month was a splendid affair.  The Club was fully decked out in Christmas cheer, including the “indoor deer” with a swiveling head, which is so lifelike that Adam was convinced it had just flown in through the chimney.  It was the coldest day in December, but the …

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Bill Miller’s Swan Song

It is a rarity that we highlight the work of another portfolio manager, unless his name is Warren Buffett.  Maybe there’s a pride issue there, that we believe we are better writers than others, or we are so contrarian that we are apt to go the opposite direction of every so-called “expert” in our business.  …

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2nd Qtr. Newsletter-July 2021

Transitory or Sticky?  The Effect of Inflation on Interest Rates and the Economy The charts below cover the last 67 years of the stock market and the interest rate of the 10-year Treasury bond. Interest rates were rising for the first 27 years and declining for the last 40 years. The stock market performed pretty …

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Seminar Recap 6/25/2021

We had quite the turnout for our summer investment seminar Tuesday evening.  Thanks to everyone who made it a special evening.  It’s always so cool to see folks reconnect if it has been awhile, or watch others making new friends with each other and discovering they have a common interest or a shared friend.  For …

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Greetings fellow taxpayers!

President Biden has rolled out two major “infrastructure” proposals in the last few weeks.  It’s hard to keep track of all the stimulus programs, let alone their names, so we’ll catch you up.  The American Jobs Plan would raise funds for physical infrastructure (along with some non-physical “infrastructure”), for which the President hopes to garner …

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GameStop: The War Is On

Greetings to you from the Fort on this drizzly January day.  While winter hasn’t exactly been tropical here, it hasn’t been all that wintery either.  The group that has the firmest ground to complain about this winter is certainly the snow lovers…even the winter “storm” last night brought ice instead of snow. Perhaps the winter …

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