Archives

Please click on a button below to jump straight to that category.
March 8, 2020

Hospitality Goes No Bid…


I recently wrote about the WuFlu that was coming to a neighborhood near you. It was meant as a warning that you should look through your book and see if you owned companies that were exposed to the virus. I bring this up because two weeks later, many companies in the hospitality sector have simply collapsed. My hunch is that it gets worse—much worse. ... Read More
Categories: Comments On Events
Positions Mentioned:
February 24, 2020

Extreme Complacency…


A few years back, I read an incredible white paper regarding investor complacency in the final weeks leading up to the First World War. Archduke Ferdinand was assassinated, global powers were trading demands, with the threat of war and investors didn’t care. As the crisis heated up and the armies began to mobilize, investors still were in a fantasy world. Back then, bonds were ... Read More
Categories: Comments On Events
Positions Mentioned:
Scroll Up