The Question of the Day

First of all, we hope everyone is safe and their power is back on now, or soon will be.  The refugees in our house now have the power back on at their place, so if anyone needs a cool bedroom, please let us know. The question most people have asked us, or at least asked …

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Greetings from Omaha!- May 2022

Greetings from Omaha!  Yes, we know that today is Fed Day, and we are all back in the Fort in the Monarch office today.  As expected, the Fed raised its Fed Funds target rate by 0.50% (50 basis points) this afternoon.  Commensurately, the Fed will also shrink its massive balance sheet by not reinvesting the …

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1Q Newsletter- April 2022

Hunting for a Lollapalooza                                                                        Great oaks from little acorns grow. A single voter by himself wields little influence, but if millions vote the same way they can change the direction of a country. Termites are tiny insects, but working together they will collapse a mansion. A person labors all his/her life in a low-paying …

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March Madness 3/17/2022

Happy St. Patrick’s Day!  We didn’t choose this day for a blog post because of the holiday, nor for the “official” start to March Madness (for fans of the Hoosiers and Irish, it began Tuesday and Wednesday…Go Big Red and Go Irish!).  Truth be told, we’ve been waiting for clarity on this Ukraine War so …

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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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