Trying to understand Wall Street skeptics

Is Artificial Intelligence just another bubble? The answer seems to be “yes” for many technology stock […]

What’s happened since January?

Earlier this year, the markets were shocked by a Chinese AI model called DeepSeek. Lots of hasty conclusions […]

September and October are often difficult for stockholders

September is historically the worst month for stocks and October has provided investors with […]

Something we haven’t heard lately

Nearly ten years ago, I needed to call one of our largest clients at the time to […]

The persistent worry about economic decline

One careful reader of our April letter on uncertainty (The Tariff Panic

Your May statement contains some pleasant surprises

If you began a South Seas cruise in early February and forgot your cell phone, […]

All businesses are not the same

We spend a lot of time discussing great businesses, because that’s what we believe will produce […]

And not by over trading

For most professional investors, managing risk means trading. Generally, that means selling something that has some potential […]

Buffett says goodbye

It is safe to say that Dock Street wouldn’t have happened without Warren Buffett. I certainly didn’t start out […]

Policy is a weaker influence on stock prices than we think

Policy can change on a dime. And a policy-driven market can […]