March 2022 – Energy Independence

[vc_row css=”.vc_custom_1655337147898{padding-top: 15px !important;padding-right: 50px !important;padding-left: 50px !important;}”][vc_column][vc_column_text] Russia using energy as a weapon has changed the paradigm. War in Ukraine and subsequent sanctions have jarred the world into the realization that energy independence is necessary. In early March, the United States announced a ban on all Russian oil imports. Should the rest of the […]

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January 2022 – How About a Seat Belt?

[vc_row css=”.vc_custom_1655337247612{padding-top: 15px !important;padding-right: 60px !important;padding-left: 60px !important;}”][vc_column][vc_column_text] For a historically informed investors this is the equivalent to driving 100mph, blindfolded, on an icy mountain trail Slight declines greet investors in the opening month of 2022, and judging from stories in the press and responses on social media, a 3% decline in equities is more

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December 2021 – Embrace the Dystopia

[vc_row css=”.vc_custom_1655338104933{padding-top: 20px !important;padding-right: 60px !important;padding-left: 60px !important;}”][vc_column][vc_column_text] Does this mean US stocks will end 2022 in the red? Probably not. The Fed has a backbone made of wet spaghetti. Investors had to contend with large swings in sentiment early this December. After some serious drops in high-growth companies with some prices being cut in

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capital appreciation

November 2021 – If I Sold a Business Today

[vc_row css=”.vc_custom_1655338159367{padding-top: 20px !important;padding-right: 60px !important;padding-left: 60px !important;}”][vc_column][vc_column_text] Multiples are high, money is cheap, SPACs and IPOs are hot, and it is a spectacular time to sell a business. If you are lucky enough to sell at a great price, what should you do with the money? With seemingly every asset class making new highs,

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September 2021 – Both Kinds of Volatility

[vc_row css=”.vc_custom_1655389395144{padding-top: 15px !important;padding-right: 60px !important;padding-left: 60px !important;}”][vc_column][vc_column_text] When investors talk about volatility, they are usually referring to losses in markets. Volatility, however, can also be defined as disorderly moves upwards in stocks as well. Below is our new video on passive investing, where we explain why passive is increasing volatility and we may be

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April 2021 – Liquidity Drought

[vc_row css=”.vc_custom_1655389756150{padding-top: 15px !important;padding-right: 60px !important;padding-left: 60px !important;}”][vc_column][vc_column_text]As investors watch the Federal Reserve continue its stunning balance sheet expansion, the financial media often touts how the US central bank is “flooding the markets with liquidity.” Is this really the case? Are stocks making new highs in every month so far in 2021 on heavy buy

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January 2021 – Bitcoin: When Fundamentals Overwhelm Technicals

[vc_row css=”.vc_custom_1655390492724{padding-top: 20px !important;padding-right: 60px !important;padding-left: 60px !important;}”][vc_column][vc_column_text]Cryptocurrency Bitcoin enjoyed a tremendous rally in 2020, appreciating from about $7,000 to nearly $29,000, or roughly 315%. The Internet is littered with well-documented debates on the viability of Bitcoin and the sustainability of the rally itself. What do we believe is the most overlooked factor? The fundamentals

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