If you’ve been paying attention to our commentary over the years, you know we believe strongly that there are some “big things” in the world that must be understood to be a successful investor. Read more here:

We all survived yet another week of wild swings in the market. Today (so far!), they’re the good kind. Last week, it was a bit of both. And while we could continue to retread the ground covered in-depth on tariff policy, we thought we’d go a di...

The topic of these week’s memo and podcast won’t surprise you: tariffs. And it would probably be good business to tell you we have all the answers for what the market is going to do in response over the coming weeks. The truth is this: no one h...

The market is awaiting President Trump’s “Liberation Day” decisions on tariffs this week. But to assume this is the end of the discussion – or the end of the volatility – is likely folly. Read more here:

Transitory. Powell uttered that word again. The last time he did so, it didn’t work out too well. But while tariff driven inflation is not yet a thing, we do know one thing that’s transitory: market downturns. Which is why we made some changes ...