Market Commentary

A Historic Divergence – Q1 2019

Profit Signals, Market Noise – Q4 2018

The “B” Word – Q2 2018

Quantifiable Absolute Returns – Q1 2018

Margin of Safety – Q4 2017

Risk and Volatility – Q3 2017

Priorities and Performance – Q2 2017

Melt-up – Q1 2017

The Voting Machine and a Different Kind of Bubble – Q4 2016

Passive Investing and Stock Market Structure – Q3 2016

Keeping Time – Q2 2016

Top-Down Concerns; Bottom-Up Opportunity – Q1 2016

That Giant Sucking Sound – Q4 2015

Staying Right Sized – Q3 2015

The Great Reflation and Stock Prices – Q2 2015

15 Years On: The Worst of Times Revisited – Q1 2015

Rolling Along, with Lots of Insurance – Q4 2014

Investment, Speculation, and Market Timing – Q3 2014

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