So a young man says to me over the weekend “they say Apple is going down. What do you think?” I explain why I

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Yes, 2017 has been a very good year for equity investors. Honestly, given the overall setup going in, a good 2017 should have been

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Link to Part 1 Link to Part 2 Link to Part 3, Section 1 Link to Part 3, Section 2 Here’s a brief synopsis

Link to Part 1Link to Part 2 Link to Part 3, Section 1 Here’s a brief synopsis of what we view as today’s fundamental

Link to Part 1 Link to Part 2 Along with our perspective on general conditions, in our year-end letters we like to offer up

Every now and again a client will quote a Wall Street guru’s market prediction. Goes something like “Hey Marty, Soandso says the S&P’s going

Econ 101 says that when you have an excess supply of a thing relative to the demand for it, the thing’s price will decline.