Blog
Fall 2009 – ‘Investing with Joan of Arc’
Download PDF A grizzled Wall Street veteran once remarked that the market, at any point in time, tends to “cause discomfort” (or words to that effect) to the greatest number of investors possible. The 2000 tech bubble collapse occurring when equity [...]
Summer 2009 – ‘Albert Einstein – An Investment Genius’
Download PDF In the investment business, we are constantly amazed at how drastically things can change in so little time. It’s almost as if there’s something awry with the space-time continuum. A mere three months ago, we were licking our wounds [...]
Spring 2009 – ‘Shane Battier on Doing Little Things Well’
Download PDF As we interact with our investment industry contacts, we sense an uncertain numbness which has rendered some of them nearly inoperative. Besieged by waves of bad news and handfuls of “once in a generation” market events, they no doubt [...]
Winter 2008 – ‘Commentary on Talob’s Black Swan’
Download PDF We began our last quarterly letter with this, “As challenging as the second quarter of 2008 was, it was a walk in the park compared to what followed…” We must again reflect the same sentiment as we consider the [...]
Fall 2008 – ‘Investment Lessons from the Wizard of Oz’
Download PDF As challenging as the second quarter of 2008 was, it was a walk in the park compared to what followed -- the demise of the investment banking industry as we knew it, the failure of Lehman Brothers, government takeovers [...]
