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.
Policy is a weaker influence on stock prices than we think
Policy can change on a dime. And a policy-driven market can react just as quickly.
Understanding stock market panics
When the Dock Street investment team met this weekend, we quickly agreed on one thing, “We’ve seen this movie before.” A rapid and […]
Beware the 2nd of April
The market hates uncertainty. And the current administration is so busy changing so many institutional assumptions that uncertainty has reached a fever […]
Matching capital spending with revenue
Several trillion dollars will be spent on data centers over the next few years and Nvidia is the primary beneficiary […]Software Shake Up
Mistake free investing has yet to be invented. At Dock Street we have learned that it is how you handle mistakes that counts. Our […]
Great businesses keep finding success
Spencer and I were talking about a book he read recently called “The Star Principle” by Richard Koch. The basic premise is […]
A President Like No Other
In a couple of months we’ve gone from a President who rarely appeared before the press, to one who seems to hold […]
How good is your 40th best idea?
At Dock Street, we’re trying to own the best businesses we can find. And the best ones are rare. Right […]
A major misunderstanding
A chatbot similar to ChatGPT was recently developed by a Chinese hedge fund and released openly to the public. They claimed that it cost […]
The most powerful advertising medium ever invented
The original Golden Age of advertising spanned a few decades in the mid-20th century and was epitomized by the ad […]
