In researching financial markets, investment trends and investor behavior, we leave no stone unturned to bring you a thoughtful, well-informed point of view.

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THE SUM


Knowledge + care + discipline bring you peace of mind


Click the links below to read more—and please let us know what you think.

Enlightening Irony?

Investors are in a surreal world where the financial markets jump up or down with great magnitude based upon headlines from Europe. Offhand comments by obscure finance ministers across the pond seem to overwhelm any competing domestic corporate, economic or political news.

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Seeing Beyond Today

In December 2008, near the depths of the worst bear market since the 1930s, we awarded the Sigma Nostradamus Award to GMO LLC, an investment firm with an outstanding record in market prediction (we post all past newsletters on our website).

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Is It a Jung Bear Market or Just An Old Story?

Have you noticed that there are a few movies or books that we seem to experience over and over? A man and woman meet, thrown together by circumstance.

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The Mercy of Quality

Readers of these missives will know some of our fundamental beliefs: human nature determines investment prices, human nature is relatively unchanging, and consequently you can learn from history.

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Duty to Clients Is Not Variable

We recently watched a 1936 movie, Lloyds of London, starring Tyrone Power. The context for this thrilling drama was the history of insurance. No, really.

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The Hecuba Problem

In Hamlet, Shakespeare memorably portrays the title character’s frustration at his inability to motivate himself to avenge his father’s murder.

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Security Is a Trusted Adviser

Charles Schulz, creator of the comic strip Peanuts, may have been the greatest philosopher of the second half of the twentieth century, perfectly capturing our anxieties, insecurities and neuroses.

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The Rule of Nine

If you were playing bridge, you would think it bizarre if the dealer insisted that the players predict the cards they will receive in the next hand. What would be the point?

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