“A large proportion of Nomad’s performance in 2007 came from the lessons learnt from mistakes in 2003 and 2004. Think of it as a return on prior year losses.” – Nick Sleep RESEARCH   Counterpoint Global – Capital Allocation: Results, […]

“Every economic recovery since World War II has been preceded by a stock market rally. And these rallies often start when conditions are grim.” – Peter Lynch RESEARCH   GaveKal Research – Bulls, Burst Bubbles And Bear Markets ($) (2 pages) Louis-Vincent […]

NEWSLETTER SAMPLER Interested in sampling paid newsletter services? Check out  Name: Doomberg Frequency: 6-8 articles per month Audience: Professional & retail investors Cost: Freemium Author: Doomberg Topics: Energy, finance, and the economy at-large Overview: Doomberg began in May of 2021 to highlight the fundamentals […]

“In the world of business, bad news often surfaces serially: You see a cockroach in your kitchen; as the days go by, you meet his relatives.” – Warren Buffett RESEARCH   3Fourteen Research – The Path to a Pivot (13 pages) 3Fourteen […]

NEWSLETTER SAMPLER Interested in sampling paid newsletter services? Check out  Name: The Daily Dirtnap Frequency: Business days Audience: Professional investors & HNW individuals Cost: $795/year (firm-wide site licenses available) Author: Jared Dillian Topics: Market themes and actionable trade ideas Overview: The Daily Dirtnap gives […]

“Credit is like oxygen. When either is abundant, its presence goes unnoticed. When either is missing, that’s all that is noticed.” – Warren Buffett RESEARCH   AQR – Trend-Following: Why Now? A Macro Perspective (17 pages) AQR shares why both the macroeconomic […]

“Finance is often poetically just; it punishes the reckless with special fervor.” – Roger Lowenstein RESEARCH   PIMCO – Risk-Off, Yield-On (6 pages) PIMCO advocates for caution around higher-risk investments given higher interest rates and the challenging macro environment, but notes that […]

“The reason that ‘guru’ is such a popular word is because ‘charlatan’ is so hard to spell.” – William Bernstein RESEARCH   McKinsey & Company – The Great Reset: North American asset management in 2022 (27 pages) McKinsey on the North American […]

“Self-control is a key to investing success, but so is fending off self-delusion.” – Jason Zweig RESEARCH   GMO – Quality Time in Small Cap (6 pages) GMO on the alignment of both the long-term and short-term opportunities in quality-focused small-cap equities. […]

“We don’t want to give money to people that want our money. We want to give it to people that don’t want it.” – Mark Yusko RESEARCH Bloomberg – Investing Through a Structurally Inflationary Regime (23 pages)   Steve Hou on the […]

“Surviving bear markets requires you to manage both volatility and your emotions.” – Ben Carlson RESEARCH   PGIM – The New Dynamics of Private Markets (52 pages) PGIM on the transformation of private capital, private credit and equity, and portfolio implications.  Some […]

NEWSLETTER SAMPLER Interested in sampling paid newsletter services? Check out      Name: The Transcript Frequency: Weekly Audience: Professional investors & HNW individuals Model: Freemium Author(s): Erick Mokaya & Scott Krisiloff Topics: Curated commentary from earnings calls across all sectors Overview: The Transcript tells the story […]

“There’s something that feels right about trying to figure out how everything works and is interrelated, along with identifying new trends and what will happen next in the markets. And yet, in what is perhaps the cruel irony, it is […]

“My peculiarity is that I don’t have a particular style of investing or, more exactly, I try to change my style to fit the conditions.” – Charlie Munger RESEARCH   KKR – The Times They Are A-Changin’ (30 pages) KKR on its […]

“If something looks irrational — and has been so for a long time — odds are you have a wrong definition of rationality.” – Nassim Taleb RESEARCH   J.P. Morgan – Guide to the Markets 4Q 2022 (71 pages) Bridgewater – The […]