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What Comes Around

2016-03-18, Mathew Hermary

Although there have been periods of similar underperformance in the past, value investing has historically been a superior way to generate long term returns.

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Obscurity In The Average

2015-11-20, Mathew Hermary

Interpreting averages and aggregates can be a lot like peering at the ocean from an airplane. Both offer a glimpse of something large from a little window.

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European Ruminations

2015-07-10, Mathew Hermary

Reflections and observations from corporate presentations and investor conferences in Paris and Berlin.

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What A RIOT!!!

2015-06-12, Mathew Hermary

What appears reasonable today because it is both commonly accepted and popular may turn out to be neither popular nor reasonable in the future.

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Standing Room Only

2015-03-20, Mathew Hermary

From a recent investor conference, it was clear that the business environment is the healthiest it’s been since the Financial Crisis.

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If Something Cannot Go On Forever, It Will Stop

2015-01-16, Mathew Hermary

Further appreciation in the S&P 500 during 2015 will not only mark a precedent in historical price movements but a move further away from fair value. 

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