<July 21, 2021> Once or twice a week my son and I shoot basketball at a local park. During our last session I jokingly said, “I’ll bet...

<July 1, 2021> Despite growing evidence that inflation may stick around longer than the Federal Reserve expected, the debate on whether...

<June 2, 2021> On April 27, 2021, Charles de Vaulx, a prominent absolute return investor, died. While we didn’t know Charles personally,...

<April 29, 2021> A few weeks ago, I had breakfast with an old friend and realtor, Chris. He just sold his beach property and wanted to...

<March 30, 2021> Whether it occurs in everyday life or while investing, there’s nothing like finding a free dollar. I enjoy it so much,...

<March 4, 2021> One of the things we treasure most about our strategy is its flexibility. When we believe our opportunity set is...

<January 29, 2021> A friend called me today to let me know he made 113% in one day on a SPAC. I congratulated him and encouraged him to...

<December 29, 2020> The office retailer, Staples, introduced the “Easy Button” in a 2005 Super Bowl ad. Starring in the commercial was a...

<December 4, 2020> In 1993 I started my career in the investment management industry. The economy was coming out of a recession and...

<November 6, 2020> After dropping my kids off at school last week, I noticed a gas station promoting $1.75 gasoline. “Wow,” I thought,...

<October 1, 2020> The day most parents dread finally came. Last week, my 8-year old son and I had the “big talk.” You know the one, the...

<September 10, 2020> The summer is coming to an end in Florida, and you know what that means. It’s little-league baseball season!...

<August 5, 2020> As a small cap value manager in 1999, one of the most difficult things to do wasn’t finding value—there were bargains...

<July 1, 2020> As proponents of free markets, we are constantly on the lookout for catalysts that will cause the Federal Reserve to lose...

<May 28, 2020> With the majority of youth activities canceled over the past two months, my kids and I have had more free time together....

<April 13, 2020> As a kid growing up in a small town outside of Louisville, Kentucky, I was an avid basketball fan. I was determined to...

<February 25, 2020> The year 1999 was a very difficult period in my life and career. I was 28 years old and had recently left the...

<January 22, 2020> Asset bubbles can be devastating to economies and investors. Fortunately, over the past few hundred years, asset...

<December 17, 2019> After eleven years of limited downside and seemingly endless upside, risk management has become the decaffeinated...

<November 25, 2019> When I think of stocks that have underperformed this market cycle, energy is the first sector that comes to mind....