Dark Side of the Moon

Since the Trump presidency began, we have watched the words out of Washington, DC with anxiety and rapt attention as well. There the gridlock is of a different sort. Both the House and Senate will (likely) be in recess for the month of August, but political infighting has prevented Republican lawmakers from moving forward with any sort of legislative agenda…

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Back to the Future

The world feels in flux. Changes at the helm of political ships at home and abroad appear to be steering in precarious directions. But, simultaneously, we’re observing a positive and growing tidal shift at various investment conferences that is bringing ESG investing to the foreground. Even the CFA Institute, a notoriously quantitative group of investment professionals, recently wrote that “There is a growing realization that whether motivated by economic value or moral values, ESG (Environmental, Social and Governance) issues are relevant for all long-term investors.”1 As stewards of our clients’ capital, we are encouraged by this integration between value-motivated and values-motivated investors.

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There is Always Opportunity

As we write to you on the eve of the 45th President of the United States taking the Oath of Office, many in this country are looking ahead with bewilderment or trepidation that the incoming President will actually keep his campaign promises. The President’s supporters, however, are counting on his promise to return this country to some sort of golden era – the “good ole days”.

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What does it mean to be a long-term investor?

Conventional wisdom tells us that, as investors, we should be focused on the long term. But what does that mean exactly: five years, ten years, longer? The answer generally is – it depends. Since “it depends” is about as satisfying of an answer as a parent saying “because I said so” we have decided to look at three underlying questions about being a long-term investor.

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