“In the physical world, great buildings are linked to their architect while those who had poured the concrete or installed the windows are soon forgotten.  Berkshire has become a great company.  Though I have long been in charge of the construction crew; Charlie should forever be credited with being the architect.” – Warren Buffet This…

Every few years, we find ourselves inundated by presidential election-related news, noise, and campaign ads. It can be a deafening drumbeat of scare tactics, exaggerations, and unattainable promises, all aimed at swaying voters one way or another. In the last presidential election cycle (2019-2020), the Federal Election Committee reported that presidential campaigns spent $4.1 billion,…

“You don’t have to be brilliant, only a little bit wiser than the other guys, on average, for a long, long, time.” – Charlie Munger                                                                                                                                                Happy 2024!  We are grateful to roll into this new year with you and pleased to report strong portfolio results for the year just ended. At the end of…

“Speed is irrelevant if you are going in the wrong direction.” – Mahatma Ghandi Is it just us, or does everything just seem to move faster these days? We’ve long known the world (and hence markets) to be a noisy place, full of all sorts of things vying for our attention, but our always-on media…

“The only time to eat diet food is while you’re waiting for the steak to cook.” – Julia Child   I love the taste of an ice-cold Diet Coke. Especially with Mexican food. Apparently, the World Health Organization thinks I should not have too much of it though. Something about the artificial sweetener, I guess.…

“To be a consistent winner means preparing not just one day, one month, or even one year – but for a lifetime.” -Bill Rodgers, Four-time winner of the Boston Marathon As I begin writing this, waves of runners are launching headlong into a rain-soaked beast of a marathon course in Boston.  From its first running…

Good morning!  Many of you likely saw news over the weekend around the failure of Silicon Valley Bank (SVB).  This is a good example of when the media noise gets turned up loud and we must keep cool-headed in our assessment and response.  First and foremost, we want you to rest assured that we have…

“A wealth of information creates a poverty of attention.” -Herbert Simon, Artificial Intelligence (AI) pioneer This quote was buried in an article I read last month related to the launch of ChatGPT, an AI-driven chatbot that has received its fair share of media attention.  For those of you curious about what it means for the…

“We do not have to become heroes overnight. Just a step at a time, meeting each thing that comes up, seeing it as not as dreadful as it appears, discovering that we have the strength to stare it down.”                                                                                                                                                                                                                      -Eleanor Roosevelt I’m reading a book titled “From Strength to Strength”, a phrase/idea…

We do not dismiss or take lightly how market periods like this feel when we’re in them.  In a word, terrible.  Even so, we are as confident as ever that optimism pays over the long run when it comes to investing. We’re in good company with this conviction.  Famed investor Warren Buffett, in his nearly…