Archive for the 'Newsletters' Category

1st Quarter 2016

Posted on April 25th, 2016 · Posted in Newsletters

The first quarter of this year was one of unexpected outcomes on several fronts in financial markets.  Despite the overwhelming… read more

4th Quarter 2015

Posted on January 25th, 2016 · Posted in Newsletters

There was plenty to worry about in the past year as well as the opening of 2016.  It is easy… read more

3rd Quarter 2015

Posted on October 25th, 2015 · Posted in Newsletters

It’s deja vu all over again. – Yogi Berra As we look back at the third quarter of 2015 and… read more

2nd Quarter 2015

Posted on July 25th, 2015 · Posted in Newsletters

In our 2011 year end newsletter, we focused on the unfolding Greek tragedy that now appears to be in its… read more

1st Quarter 2015

Posted on April 25th, 2015 · Posted in Newsletters

To improve is to change; to be perfect is to change often. – Winston S. Churchill In the spirit of Churchill,… read more

4th Quarter 2014

Posted on January 25th, 2015 · Posted in Newsletters

In this quarter’s missive, we explore the cost of taking oil out of the ground and the cost of taking… read more

3rd Quarter 2014

Posted on October 25th, 2014 · Posted in Newsletters

Observe good faith and justice toward all nations. Cultivate peace and harmony with all… The Nation which indulges toward another an habitual… read more

2nd Quarter 2014

Posted on July 25th, 2014 · Posted in Newsletters

People in both fields operate with beliefs and biases. To the extent you can eliminate both and replace them with… read more

1st Quarter 2014

Posted on April 25th, 2014 · Posted in Newsletters

Time is a sort of river of passing events, and strong is its current; no sooner is a thing brought… read more

4th Quarter 2013

Posted on January 25th, 2014 · Posted in Newsletters

This process of Creative Destruction is the essential fact about capitalism. It is what capitalism consists in and what every capitalist… read more