Quarterly Newsletter July 5, 2017

We are always on the lookout for events or trends which might have the ability to change the market.  There is a great deal written about income inequality.  How often have you seen articles about a CEO of some large company being paid $30 million while some poor guy on the line is making $30,000 […]

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Quarterly Newsletter April 3, 2017

  INVESTING IN BANK STOCKS:  WEAR A LIFE JACKET The banking industry has a long and generally honorable history, and many good citizens have grown wealthy by investing in it.  But with the wrong bank, there are big risks.  Bank investing can be like taking a cruise.  Most of the time it’s smooth sailing, but […]

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Quarterly Newsletter January 4, 2017

So what do you think about this Trump rally? This is a question we are getting frequently. I have to admit we were a bit surprised by how strong the market has been since the election. Is the market getting expensive, should we raise some cash? The market is up 5% since the election so […]

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And Boom Goes the Dynamite

The one (and only) thing that we all expected would come to fruition today is that volatility would reign.  Few people predicted a Trump win, and far fewer predicted a Republican sweep of Congress and the executive branch.  That said, it shouldn’t be a surprise that Republicans retained the Senate, because the factors that brought […]

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Quarterly Newsletter October 3, 2016

An Ode to Goldlocks… and TINA   Have you ever said something so many times that you just assume you’ve said it to everyone you know? Such would be the case with Goldilocks and me.  If this subject seems like uncovered ground to you, you’re in luck with this newsletter.  If you’re all too familiar […]

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EMC/Dell Acquisition

It’s not everyday that we’re voting on whether to support the buyout of one of our major holdings.  While we’ve owned a handful of stocks that have been acquired over the years, the last takeout of a large Monarch holding was Biomet in 2007. As the proxy forms have just been mailed to EMC shareholders, […]

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Quarterly Newsletter April 1, 2016

How Persistent Investing Can Generate Lollapalooza Results                         “Wealth is largely the result of habit.”                                                 – John Jacob Astor (1763-1848) Bank accounts and interest-bearing securities (bonds) have not been very profitable lately.  Is it too dangerous to keep most your savings in […]

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Time to Revisit the Lows

You might be thinking that watching stock prices fall nearly everyday is starting to get old. We agree.  And here’s a reason to take some measure of satisfaction:  you’re actually right!  As you can see on the chart above, the S&P 500 continues to make round-trips down to this 1812-1860 range.  This is, in fact, […]

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What’s Up With This Market?

So, the market is off to a less-than-stellar start to the year, to put it mildly. In fact, stocks endured the worst first week ever, with the S&P down 6% last week. Naturally, everyone wants to know what it means for the rest of the year, so here it is, the good, bad, and ugly. […]

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Quarterly Newsletter January 4, 2016

As some of you may know I am an avid fan of Adam Smith. I have often quoted from his book Wealth of Nations which was written in 1776, 239 years ago. As I was starting to put this newsletter together I saw the following quote from Adam Smith’s other major book The Theory of […]

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