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.
Long term investing through short term worries
The 60 days since March 30 have been spectacularly good for the stock market and Dock Street portfolios. However, if […]
Advertising – The Hidden Gold Mine
A business that keeps getting better
Advertising is the business that Wall Street routinely ignores. This month the three major advertising-based businesses […]
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. […]
Capital Intensive Inputs, Capital Light Outputs
For more than 10 years, we have focused our investments towards companies that become increasingly profitable as they grow. These businesses […]
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 […]
Noise Canceling Stock Charts
The stock market isn’t about everything
Last year, when President Trump announced tariffs on the whole world, the […]
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 […]