Top-down investing is the voting machine in action

There’s a tremendous amount of money that trades based on top-down market relationships, like […]

Focusing on the long-term is easier said than done

Alarming headlines make it hard to be a stock investor. Especially headlines about […]

Stocks are being sold, but why?

After a good beginning of the year for the stock market, coupled with excellent earnings reports, […]

Many investors treat all companies as if they’re the same.

Over the last few days, software stocks have been selling off aggressively as new AI coding […]

The future is often just more of the present

Some of the largest companies in the world are spending more money than […]

Most indicators moving in the right direction

Lately the news on the economy and the early results of the Trump Tariffs has […]

And the Holy Grail of ROIC

In order to profitably operate a factory, you need to maximize capacity utilization. AI factories are […]

Recession worries resurface

The cover of this week’s Economist summarizes the worries driving the November correction in the stock market. The only problem is […]

Same work, same team, steady leadership

Over thirty-five years ago, I founded Dock Street. Since then, we’ve grown into a firm with […]

Both mean more GPUs are needed, not fewer.

Thanksgiving is around the corner, but on the New York Stock Exchange, it’s Groundhog […]