The growing prevalence of corporate share buybacks has drawn the ire and condemnation of many market observers. Here are our thoughts.
Credit Considerations
2020-01-24, Clement Chiang
Adhering to our discipline while mitigating portfolio risks helps us navigate what could be a volatile yet stubbornly-low interest rate environment to come.
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Emphasis On Durability
2019-11-22, Clement Chiang
Businesses that generate durable and persistent cash flows demonstrate resiliency. Financial flexibility is also key to ensuring staying power.
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The St. Petersburg Paradox
2019-10-25, Jason Reed
As the premium for fast growing businesses continues to climb, consider this casino game analogy and how it relates to our investment approach.
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The Four Most Dangerous Words
2019-07-26, Clement Chiang
Historically when the market fully believes in these four words, the next chapter has been a painful experience.
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Pulling The Goalie
2019-05-31, Jason Reed
How the analogy of pulling the goalie in hockey relates to investing. What does it mean for value investors?