Newsletters | Market Commentaries


Don’t miss our latest market insights. Sign up for our newsletter today!



2016

Post-Election letter (November 9, 2016)

Party Like It's 1999 (October 1, 2016)

Is June 23 the New Independence Day? (July 1, 2016)
 

'The thing about football...' Opportunity Amid Rising Uncertainty (Brexit)

'The thing about football...' "Volatility Is Back: Embrace the Volatility" (491 KB)

'The thing about football...' "As we write this letter on the last day of the year..." (91 KB)


2015

 

'The thing about football...' "It’s déjà vu all over again." (68 KB)

'The thing about football...' "Climbing the Great Wall of Worry" (667 KB)

'The thing about football...' "The investment committee is excited to begin this quarter..." (55 KB)

'The thing about football...' "On the heels of a booming third-quarter..." (718 KB)

'The thing about football...' "Much has happened over the past quarter..." (141 KB)


2014

 

'The thing about football...' "October 2014 Midmonth Update" (108 KB)

'The thing about football...' "If history repeats itself..." (999 KB)

'The thing about football...' "The thing about football..." (600 KB)

'I wake up every day, right here, right here in Punxsutawney...' "I wake up every day, right here, right here in Punxsutawney..." (916 KB)

'The gambling known as business looks with austere...' "The gambling known as business looks with austere..." (346 KB)


2013

 

'Cuando creiamos que teniamos todas las respuestas...' "Cuando creiamos que teniamos todas las respuestas..." (194 KB)

'We don't want to change.' "We don't want to change." (178 KB)

'The first day of spring is one thing...' "The first day of spring is one thing..." (218 KB)

'We must accept finite disappointment, but never lose infinite hope.' "We must accept finite disappointment, but never lose infinite hope." (203 KB)


2012

 

“We cling to our own point of view...' “We cling to our own point of view..." (208 KB)

'Living at risk is jumping off the cliff...' "Living at risk is jumping off the cliff..." (196 KB)

“Trouble ahead, trouble behind...' “Trouble ahead, trouble behind..." (226 KB)

“Who’s on first?” – “I Don’t Know” – “Third base!” “Who’s on first?” – “I Don’t Know” – “Third base!” (280 KB)


2011

 

“All we want are the facts, ma’am.” “All we want are the facts, ma’am.” (172 KB)

'Some debts are fun when you are acquiring them, but none are fun...' "Some debts are fun when you are acquiring them, but none are fun..." (180 KB)

'I find it unethical on the part of economists to teach Ricardo's ...' "I find it unethical on the part of economists to teach Ricardo's ..." (148 KB)

'There is nothing wrong with change, if it is in the right direction' "There is nothing wrong with change, if it is in the right direction" (144 KB)


2010

 

'The fashion of the world is to avoid cost, and you encounter it...' "The fashion of the world is to avoid cost, and you encounter it..." (283 KB)

'For the moment, the broadly unanticipated behavior of world...' "For the moment, the broadly unanticipated behavior of world..." (156 KB)

'Cause and effect are two sides of one fact....' "Cause and effect are two sides of one fact...." (21 KB)

'We contend that for a nation to try to tax itself into...' "We contend that for a nation to try to tax itself into..." (122 KB)

'With or without you, I can't live With or without you...' "With or without you, I can't live With or without you..." (41 KB)


2009

 

'To be uncertain is to be uncomfortable, but to be certain is to be...' "To be uncertain is to be uncomf ortable, but to be certain is to be..." (138 KB)

'The pendulum of the mind oscillates between sense and nonsense ...' "The pendulum of the mind oscillates between sense and nonsense ..." (28 KB)

“Be fearful when others are greedy, and greedy when others are fearful.' “Be fearful when others are greedy, and greedy when others are fearful." (19 KB)

'The economic and technological triumphs of the past few years ...' "The economic and technological triumphs of the past few years ..." (20 KB)