<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....

<October 23, 2019> In his book, The Greatest Generation, Tom Brokaw profiles numerous Americans who lived through the Great Depression...

<September 26, 2019> As Hurricane Dorian approached Florida a few weeks ago, I was having lunch with a friend who is an insurance...

<August 16, 2019> Most value investors I know consider themselves contrarians. Essentially, contrarians allocate capital in the opposite...

<July 17, 2019> Every market cycle is a learning experience. Throughout each cycle, we review our achievements and shortcomings to help...

<June 18, 2019> When valuing a small cap stock, one of the first things we ask ourselves is, “What’s normalized?” Specifically, we are...

<May 23, 2019> Asset bubbles are often accompanied by creative narratives or taglines. Some are descriptive and some are very clever, but...

May 1, 2019 Similar to life, our career paths do not always go according to plan. When I recommended returning capital in 2016, I...