Market Commentary

Protecting Capital for the Long Run – Q2 2014

Revisiting the Impact of Low Interest Rates on Equities – Q1 2014

Swimming against the Tide – Q4 2013

What Corporate Profits Are Telling Us – Q3 2013

The Low Rate, High Profit Value Mirage – Q2 2013

Struggling to Find Value – Q1 2013

Hangover Part II – Q4 2012

Stock Picking and Playing Defense – Q3 2012

Media Madness and the Music of Business – Q2 2012

The Recovery and Stock Prices – Q1 2012

The Most Important and Misunderstood Idea in Investing – Q4 2011

The Past as Prologue – Q3 2011

One Foot In, One Foot Out – Q2 2011

The Forest from the Trees of Investment Returns – Q1 2011

Lessons and Myths – Q4 2010

Fate of the V Shaped Profit Recovery – Q3 2010

Sovereign Tremors and Real Wealth – Q2 2010

Valuations and Path Dependence – Q1 2010

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