Contributors

Most investors become agitated when the "% Gain or Loss" column on their account statements turns gradually from mostly green to mostly red, as it has during November. They see this as a bad sign, as a signal that something is going wrong with

Inflation is a very interesting, important, and constantly evolving topic. I wrote several articles on inflation this year. This article is an update to previous articles I have written on this topic; the framework I described in the original articles

We just finished our VALUEx Vail conference. It was a superspreader of ideas –but not the virus. Forty value investors came from four countries; 38 were vaccinated, one took and passed a COVID test the day of the conference

The next 15 months will be the greatest asset raising environment in the history of the hedge fund industry and potentially a once-in-a-career opportunity for managers to grow assets.

“At least a billion people on earth at this moment who would consider their prayers answered if they could trade places with you.” – Sam Harris

We need to recognize that inflation in the long-term is a probability but not a certainty. Macroeconomics is a voodoo science; it appropriately belongs in the liberal arts department.

The number one question I am asked by clients, friends, readers, and random strangers is, are we going to have inflation?

Over the last six months we have skewed our portfolio more towards defense companies. We have done this intentionally. The world appears less safe today than at any time since the Berlin Wall came down.

The S & P 500 struck 33 new "All Time High" (ATH) levels in 2020, a year that also saw a major market value melt down in March and significant volatility throughout. This year began

The hedge fund industry is dynamic, comprising of numerous strategies that attract varying degrees of interest over time. Demand for each strategy is impacted by many variables

Pipelines are undergoing a renaissance today, but it’s not the one you think. The previous renaissance of shale oil and natural gas development was anything but a good outcome for

With millions of American workers invested in 401(k) plans, they want to know that their retirement savings are in good hands.