By Lewis Johnson - CHIEF CONCLUSION Chief Conclusion: We believe that investors can best reach their goals through the ownership of a well-diversified portfolio, held patiently. This requires understanding the truism[…]
By Lewis Johnson - CHIEF CONCLUSION Whoever said “its who you know that counts” was definitely speaking about the investment business. In a confusing world, drowning in data, how to make sense of it all and plot an[…]
By Lewis Johnson - CHIEF CONCLUSION In today's “Trends and Tail Risks” we outline Joseph Schumpeter’s thesis of “creative destruction” and how it has inspired our research team to comb the markets for investments where[…]
By Lewis Johnson - CHIEF CONCLUSION We wanted to take a different tack in today’s “Trends and Tail Risks.” We are taking a step back from our typical investment focus and thinking about the big picture of what[…]
By Lewis Johnson - CHIEF CONCLUSION It should come as no surprise to our long-term readers that, when equity valuations become extended in our view, our research team grows more cautious. Our team finds itself at such[…]
