April 2025 | Portfolio Update

April 2025 | Portfolio Update

Downturns May Look Similar, But Context Tells Us When To Act Different “Never laugh at live dragons.” – J.R.R. Tolkien Not all threats are created equal. Two situations might look similar on the surface, but that doesn’t mean they should be treated the same.  This...
April 2025 | Portfolio Update

March 2025 | Portfolio Update

A Disciplined Strategy Helps Avoid Self-Inflicted Wounds “The investor’s chief problem — and even his worst enemy — is likely to be himself.” – Benjamin Graham Great investors don’t just accumulate experience — they learn from it. The best share a common trait:...
April 2025 | Portfolio Update

February 2025 | Portfolio Update

2024 Was A Tale of Two Halves “Do not pray for an easy life, pray for the strength to endure a difficult one.” – Bruce Lee It’s easy to stay disciplined when things are going smoothly. When markets rise steadily and portfolios deliver consistent gains, the urge to...
April 2025 | Portfolio Update

December 2024 | Portfolio Update

Resilience Is the Goal; Perfection Is Not In investing, the allure of certainty can be hard to resist. When parts of a portfolio underperform in the short term, the urge to abandon them grows, driven by a desire to focus solely on what’s working. But this desire often...
April 2025 | Portfolio Update

November 2024 | Portfolio Update

Why We Don’t Try to Read Political or Economic Tea Leaves “The art of simplicity is a puzzle of complexity.” – Douglas Horton During the election season, markets can reflect a broader, collective sentiment — sometimes swayed by predictions, fears, and...