Archive Search

Search all previous Issues and Bonus Content:

Search By Keyword:

Browse Bonus Content by Year:
November 15, 2022

David Herro Market Commentary; Order 66; Playing the Infinite Game; Investing in Technology Stocks After the Big Blowout; The Real Economy and Better-Informed Investors; What’s Behind the Consumer Preference for the Middle Ground; “Coming Soon on Netflix: A New Netflix”; “You Make Most of Your Money in a Bear Market”

November 8, 2022

The Past, Present and Future of Entertainment; Horizon Kinetics Q3 Commentary; Quality Time in Small Cap; Why China?; Is Quality Stock Picking Broken?; Deforestation of Magic Money Trees; “The Crypto Story”; “Do Not Be Afraid”

October 13, 2022

Palm Valley Capital Q3 Letter; Bill Nygren Market Commentary; The 'Actual Retail Price' of Equity Trades; Charting a Course Beyond Uncertainty; Growth Investing Ain’t About the Rates; How Aging America Is Driving Consumer Inertia; “Life, the Metaverse, and Everything”; “The Cost of the Fed’s Challenged Credibility”

October 7, 2022

Profits Recession Ahead; Let’s Go Nuts; Top Takeaways From Oaktree; Warning! Project Failure; Value vs. Growth: The Unwind Continues; “Why Jack Welch Wouldn’t Cut It Today”; Interview with Stanley Druckenmiller; “Let’s Say Nice Things About the ARK Venture Fund”

September 15, 2022

The End of Indexing; The Illusion of Knowledge; Value in Disguise; Emerging Countries Are More Resilient; Why Is Amazon Purchasing a Health Care Provider?; A Solution to the Debate over Momentum’s Cause?; “The Contrarian”; “The Best (And Worst) Ways to Spot a Liar”

September 9, 2022

Entering the Superbubble’s Final Act; What About the Dufresnes?; This Might Hurt a Little; Value in the Middle;  Will Moderna and BioNTech Ever Be More Than Viral Sensations?;  Firing and Hiring the CEO;  Interview with Alleghany Corp. CEO Weston Hicks; “The Crypto Geniuses Who Vaporized a Trillion Dollars”

August 17, 2022

Antero Peak Q2 Update; FPA Crescent Q2 Commentary; Intrinsic Value; The Road Toward A Circular Value Chain; Demolition Work in Progress; “The U.S. Industrial Complex is Starting to Buckle”; “The Trendy, Spendy Future of Indoor Farming”; “Are You Listening?”

August 9, 2022

I Beg to Differ; Success and Failure in M&A Execution; Horizon Kinetics Q2 Commentary; Structure and Decision-Making in Corporate Venture Capital; How Price Shocks Scar Consumption for Life; “The Haves and the Have-Yachts”; “Meet the Mother-Daughter Mutual Fund Team ...”; “My 25-Year Battle Against Corporate Claptrap”

July 26, 2022

Oakmark International Q2 Commentary; A Skechy Investment; Oakmark Select Q2 Commentary; Investing in the Age of Transformation; A Pricing Paradox; “How Brookfield Avoided Slamming Into a Brick-and-Mortar Wall”; “Corporate Good vs. Social Good”; “How to Have More Successful Conversations”

July 19, 2022

Bill Nygren Market Commentary; Investors Still Seem Too Comfortable; Bill Ackman on Inflation II; Shelter from Tightening Liquidity; Predictably Bad Investments; How Should Investors Value Gold?; “What Separates Hitmakers from One-Hit Wonders”; “How ByteDance Became the World’s Most Valuable Startup”

July 8, 2022

Ruane, Cunniff & Goldfarb Investor Day; Top Takeaways From 2Q2022; Seeking Growth Across the Globe; No Excuses: Plan Now for Recession; Powering Down; Retail Investor Trade and the Pricing of Earnings; “Believe It or Not, the Market Has Three Silver Linings”: “Masters of the Bubbleverse”

June 22, 2022

Misvaluation and Corporate Inventiveness; Bear Markets Signal Leadership Change; How Should Investors Value Gold?; Are Retailers Losing Money on Loyalty Programs?; The Coming Stagflation; “Prepare for an Ad-Less Future on Google”; “The Incredible Shrinking Car Dealership”; “Everything Is Getting More Expensive, Except for Starting a Hedge Fund”

June 15, 2022

Protecting Your Portfolio from Inflation After the Fact; Is Gold the Answer?; Why Compounding is So Difficult; Pay Dirt; Darkness ... then Dawn; “The Dumbest Meme Stock Yet”; “Can Wine Make You A Better Investor?”; “Digital Distress”

June 7, 2022

Bull Market Rhymes; Growth Traps Snap Shut; Horizon Kinetics Updated Interim Commentary; Pershing Square New York Fed Presentation; An Account from China’s “Zero-COVID” Frontline; “Shrinking the Gap”; “Markets Are Reverting Back to Rational Investing”; “The Promise and Pitfalls of Investing for Change”

May 17, 2022

Horizon Kinetics Interim Commentary; 10% Inflation to Come?; Does the Equity Market Know Something Fixed Income Doesn’t?; Solar and Wind Power by Country; Differences in Susceptibility to Financial Bullshit; Spring 2022 Graham & Doddsville; “We are Now Living in a Totally New Era”; “TSE Boss tells Japan to Embrace Activist Investors”

May 11, 2022

Horizon Kinetics Q1 Roundtable Discussion; Vulcan Value Partners Q1 Commentary; Widening the Lens on Markets & Growth; Bill Nygren Q1 Commentary; We Live in a Finite World; Rising Risk of Stagflation; Bruce Flatt Interview; “Corporate Excess”

April 22, 2022

Top Takeaways from Oaktree’s Q1 2022 Letters; The Biggest Risk to Portfolios Today; Strange Things Are Afoot at the Circle K; Pershing Square Manager’s Report; The Turn in Value is Just Getting Started; Charlie Rose Interview with Warren Buffett; “@elon”; “SPACs Have Underperformed the S&P 500 by a Stunning Margin”

April 7, 2022

The Pendulum in International Affairs; The Start of a New Investment Paradigm; Russia, Risk, and Decision-Making; The Case for Energy and Defense Stocks; Trading Places; Strong Sell Opinion: Stryker Corp.; Jamie Dimon Annual Letter; Book Review: The Synergy Solution

March 17, 2022

Russia-Ukraine War Has Lasting Implications for Investing; Inflation’s Near-Term Surprise; Beyond Fundamentals: A Conversation with Accenture; Can Value Investing Work in Emerging Markets?; Interview with Neil Vogel, CEO of Dotdash Meredith; “Secrets of a Stockpicking Star”; “Can Goldman Sachs Straddle Wall Street and Main Street?”

March 10, 2022

Engaging Opportunities Amid Volatile Markets; A Message on the Crisis in Ukraine; Has the Bubble Already Deflated?; GMO Q4 2021 Letter; The End of the Capital Gains Era; The Commodities Quandary; Interview with Hyatt Hotels CEO; Daily Journal Annual Meeting with Charlie Munger

February 18, 2022

Pershing Square Investor Update Presentation; Baupost Group 2021 Annual Letter; Vulcan Value Partners 2021 Annual Letter; Third Point Q4 2021 Letter; Greenlight Capital Q4 2021 Letter; Peloton: A Call For Action; The Maltese Falcoin; “Therapy for Crypto Addicts”

February 8, 2022

Aha! Interest Rates Do Matter; Goodbye, Value Winter; Macro and Societal Shifts in Residential Real Estate; Baron Funds Quarterly Report; “The Moral Calculations of a Billionaire”; “The Winter of Our Discomfort”; “Why Is Matt Damon Shilling for Crypto?”

January 25, 2022

Let the Wild Rumpus Begin; Reports of Value's Death May Be Greatly Exaggerated; Objectionable Content; “There Will Never be a Post-Covid World”; “Last Sane Man on Wall Street”

January 19, 2022

Selling Out; Inflation Is Here! What Now?; Entrenched Perceptions Ignore Improving Reality; The Trillion-Dollar Fantasy; “Web3”; “Mayonnaise with ‘Purpose’ Rebuke”; “2022 Predictions”

January 11, 2022

Bill Nygren Q4 Market Commentary; Not So Outrageous ‘Predictions’ for 2022; In Search of Upside; GE’s Transformation Story: A Value Opportunity; Beauty and the Beast; “The ‘To the Moon’ Crash is Coming”; “Money in the Metaverse”