Monthly Archives: November 2016

A Narrative for Every Season

  “All is for the best in the best of all possible worlds” – Voltaire (Candide/The Optimist)   Consider the media headlines and stories published before and after the presidential election. Before the election: “The conventional wisdom is that, right … Continue reading

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Another Payoff Pitch

In July of 2015 we penned an article entitled “Finding Value in the Ninth Inning of the Great Bond Rally”. At the time, bond yields surged higher in response to an all-too-familiar growth and inflation scare. In that article, we … Continue reading

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The Inconvenient Truth behind Donald Trump’s Victory

Following the BREXIT vote in late June and passionate support for the Bernie Sanders campaign, the Presidential election of Donald Trump provided yet another sign that the American people, as well as many around the world, are increasingly demanding a … Continue reading

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Passive Negligence

The stock market is an essential cornerstone of capitalism, not a game of roulette. Well-functioning and free capital markets properly regulate the cost of capital, which is a vital input allowing companies to analyze the cost and benefit of investing … Continue reading

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