Our goal for Investment Perspectives is for it to be one of the ways that we communicate our thinking (past and present) to clients and the general public. We believe that investing is an iterative process and we know of no better way to test our own thinking than to share it with others. We encourage readers to send us their thoughts or questions.
Latest Investment Perspectives
Patiently Optimistic
Something curious happened after the first COVID-19 shutdown. A new generation of investors using phone apps to trade more frequently drove unprofitable company stock prices on wild, gyrating rides. The volatile price action, which seems to be a byproduct of increased technology use, is also a result of the shorter attention spans of today’s investors. Being quick and nimble can also have a positive impact. Investors can turn a quick profit and share those successes with friends, making them feel like smart investors. Short-term trading and short-term thinking are not new, but technology and social media are greatly accelerating these phenomena. The current market environment defines success for investors in increasingly shorter time horizons, and that has provoked the idea that we, as investors, must be constantly taking action. We feel there are sustainable advantages in the business of owning great businesses, but the most important, by far, is taking a long-term view. In this Investment Perspectives, we will discuss some of the cornerstones of our long-term investment approach.
Investment Perspectives Library
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- Preservation of Capital- July 2021
- What to Make of Rising Inflation Expectations?- April 2021
- Panic and Patience- January 2021
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