Client Letters
For the last 30 years, Dock Street has written over 500 client letters with our investment insights, philosophy, responses to world events, and more. Many of Dock Street’s letters will now be shared here as well.
The war cools off and the market heats up
On March 31st, a White House leak suggested that the War in Iran might be put on pause. […]
Computation does real work, generating revenue and profit
Summary: AI skepticism is everywhere, and some of it is understandable, but we think most of it is missing […]
Two in one year
For the second year in a row, there’s a war on, and both were the result of dramatic policy changes instigated by President […]
The software business model is changing
Spoiler: What’s going on with software companies? And why is Wall Street reacting so strongly? The answer is pricing. There is […]
The stock market isn’t about everything
Last year, when President Trump announced tariffs on the whole world, the stock market had a sharp and significant pullback. Many […]
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 sectors and industries – and […]
Focusing on the long-term is easier said than done
Alarming headlines make it hard to be a stock investor. Especially headlines about the stock market itself. We […]
Stocks are being sold, but why?
After a good beginning of the year for the stock market, coupled with excellent earnings reports, investors find themselves in the […]
The future is often just more of the present
Some of the largest companies in the world are spending more money than ever, building data centers to […]
Most indicators moving in the right direction
Lately the news on the economy and the early results of the Trump Tariffs has been highly surprising and very […]