Stoicism

The market is up a lot; it is expensive. Should we be selling? This is the number one question we’ve...

Four times a year I write letters to IMA clients. In these letters I diligently walk clients through our research...

“When you arise in the morning think of what a privilege it is to be alive, to think, to enjoy,...

The following is an excerpt from last year’s client letter. A year ago, I called the stock market mood “partying...