Investors have endured a rough ride in 2022. Both fixed income and equity markets have suffered losses and participants are reeling. If and when the Federal Reserve ends its series of interest rate increases, will the pain end and the party-like atmosphere of 2021 return? We will present compelling evidence why the only pivot of […]
Golden Age of Value Read More »
[vc_row][vc_column][vc_column_text] Hoping for unprofitable growth companies to lead again is fighting yesterday’s war Unprofitable growth companies continue to grind lower in 2022. This brutal bear market for the once high-flying issues is a painful dose of cogitative dissonance to those used to easy gains on exciting companies. Rather than cutting edge technologies like artificial intelligence
June 2022 – Yesterday’s War Read More »
[vc_row][vc_column][vc_column_text] There is a two-ton anvil of reality dropping on unprofitable companies. The first quarter of 2022 continued trends from late 2021 as well as establishing great new shifts in the investment world. All of Frank Capital’s separate account strategies had positive returns in Q1 22, far outpacing riskier, growth-at-any-price strategies, as well as the
April 2022 – First Quarter Update Read More »
[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
March 2022 – Energy Independence Read More »
[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
January 2022 – How About a Seat Belt? Read More »
[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
December 2021 – Embrace the Dystopia Read More »
[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,
November 2021 – If I Sold a Business Today Read More »
[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
September 2021 – Both Kinds of Volatility Read More »
[vc_row css=”.vc_custom_1655390293895{padding-top: 20px !important;padding-right: 60px !important;padding-left: 60px !important;}”][vc_column][vc_column_text] We have updated our paper on passive investing and its effects on US stocks. The paper is available for free download here. Passive Ownership of Major Companies The largest three passive firms continued gobbling up shares of US equities in Q3 20. Below are the percentages of
December 2020 – Passive Market Share Update Read More »
[vc_row css=”.vc_custom_1655390340944{padding-top: 20px !important;padding-right: 60px !important;padding-left: 60px !important;}”][vc_column][vc_column_text]As good vaccine news comes out, there have been some significant changes in stock market trends. Stay-at-home stocks, the momentum darlings of 2020 have lost their wings, while the extremely beaten-down value stocks have appreciated sharply. Is now finally the time, after years of momentum stocks leading the
November 2020 – Finally Time for Value? Read More »
