June 2020
And now we approach the mid-point of the year, the month that for many of us begins the vacation season. The beach or mountains or lakes, even perhaps a trip outside the country. From Rogers’ and Hammerstein’s Carousel comes the song for the month, “June is busting out all over.” But this year June isn’t likely to […]
May 2020
We think it is time to take a break. The local NBC TV station updates daily the Covid-19 statistics for the St. Louis metropolitan area. Add to that the newspaper and national television radio and TV networks constant reporting of negative news. (“There’s no news in a house that doesn’t burn!”) Throw in the lockdown […]
April 2020
Tower to White Swan, “What is your ETA?” There are Black Swans (most often defined as an anomaly, an unexpected event, with potential negative consequences: we are experiencing that with covid-19!) and there are White Swans, but what about Grey Swans? The kind that might indicate that the period of Black Swan surprise is ending […]
Investment Alert 2020
We are in the midst of the most irrational investor behavior since 1987, as I write about in the letter to our clients quoted below. Our current buy list includes Great American Companies that have strong financials, positive earnings and dividend growth potential, and have increased their dividends annually for over 25 years—several for over […]
March 2020
Black Monday—1987! Over a 22% decline in one day!We didn’t have the computer systems then that we have today, so I was up until around 2-3:00 a.m.with a yellow legal pad, a couple of pencils, and a hand-held calculator. The bargains were every where. They had happened so incredibly quickly that even if one had a […]
February 2020
How many times in recent years have the media scared the ‘whatever’ out of readers by portending doom in bold headlines? In each instance the lede implied that death or catastrophe was imminent for large numbers of the population: • Ebola • SARS • The year 2000 for computers • Coronavirus Repeating from our letter written prior to the […]
January 2020
Here come the pundits with predictions galore. It’s that time again, when turning the corner into a new year brings out the prognosticators. Where will the Dow be? What will be the best performing stock? Will the Fed raise interest rates? Will Trump be impeached? Who, what, when, why are all to be littering the […]
