Our discipline and new commitments made during last year’s drawdown were rewarded this quarter.
Good money management isn’t just finding great investment ideas, but it’s also having a thoughtful approach for when to sell.
While markets may continue to climb to new heights, they do so on the shaky foundation of high operating margins and above-average P/Es. And that’s a recipe for disaster.
Of these two companies, Amazon and WESCO, which would you rather own at today’s prices?
We think there are four important drivers, or forces, on the stock market and its trajectory.
Our investment approach is logically one of the best ways to repeatedly deliver excellent investment performance over time. Knowledge builds conviction; it’s why it works.
Most investors still hold unrealistic expectations for future returns.