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 stock market in 2025
As of this date, the S&P 500 is racking up another great year on top of the gains in 2023. (See below […]
Taxes, Tariffs, and the Oil Patch
Now that we know he will be President, what will Trump and the Republican Congress do that will affect our investments?
History isn’t a guide
Dan was a history major in college and he often mentions how brief stock market “history” is compared to actual history. The point […]
Projections are Just Guesses… even the educated ones
In late 2022 the Bear market of that year ran out of gas. The S&P 500 had fallen over […]
“Buy and Hold” works even better than we thought
We recently came across two studies that asked an old question, “What would your stock returns be if […]
Understanding the dynamics of a Correction
The stock market is in the midst of a violent correction in prices. To be clear, a “correction” is a drop […]
How to think about volatility
Below is what Warren Buffett wrote in early 1987–months before the crash in the fall of that year. It has helped us […]
Don’t Mix Politics with your Portfolio
Clients may remember that we ran the table below last May under the heading of “Do the Odds […]
Same team, same work, new title
Nearly ten years ago, Evan McGoff walked into my office and said something like, “I’ve been working on something I’d like […]
The “Market History” Trap
For a very long time, market commentators have been jabbering (and worrying) about the concentration of value in the S&P 500 by a […]