The Value of Compounding

The Value of Compounding

Morningstar’s style box has been a huge influence in driving investors to see stocks as either value or growth. We think this classification falls woefully short, is highly sector-driven, and fails to separate our favorite stocks of all…Compounders. What...
Q2 Chart Book : The Fed Backstop in Pictures

Q2 Chart Book : The Fed Backstop in Pictures

The Good Better Economic Data – Economic data, which lags the stock market, hit rock-bottom as expected during April and May, but some early signs of a recovery have begun to appear. Just look at the jobs data. Better than Anticipated Earnings – EPS expectations...

What Are Market Bulls Expecting?

You could be forgiven in thinking that the last quarter felt like one of the longest three months of your life. In what now seems an eternity ago, it could be hard to forget that the S&P 500 enjoyed a total return of more than 30% in 2019.  What has not been so...
Q2 Chart Book : The Fed Backstop in Pictures

July 2020: Most Efficient Rebalance Ever

Why You Don’t Need to Trade This Quarter When it ain’t broke…don’t fix it. There hasn’t been a better quarter to drive this point home. Our objective is to sufficiently compound capital with little exposure to drawdown.  Our portfolios have shown the...