Author: Johnny Russell, CFA ®
You Only Have to Get Rich Once
You Only Have to Get Rich Once Charlie Munger recently appeared on the Acquired Podcast. Needless to say, we are fans of Munger and recommend...
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Keep It Simple
Keep It Simple “I refuse to join any club that would have me as a member.” -Groucho Marx I was at a dinner this summer...
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Rolling with the Punches
Rolling with the Punches The Federal Reserve has raised the effective Fed Funds rate over the past 18 months from 0% to 5.33%. The 10-year...
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Fool Me Twice: The U.S. Housing Market
Fool Me Twice: The U.S. Housing Market As markets internalized the risks of COVID-19 in March 2020, stock prices for home construction companies crashed (proxied...
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Stock Review: VF Corporation
Stock Review: VF Corporation We’ve written in the past about our mindset of buying businesses as a way to ground and guide our...
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A Classic Bank Run
A Classic Bank Run By now you’ve likely seen the headlines or done some deeper digging into the recent collapse of Silicon Valley Bank (SVB)....
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Is the Bear Market Over?
Is the Bear Market Over? The better question might be – did the bull market ever end? When you pull back and look at long-term...
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Why We Own Stocks
Why We Own Stocks “Because profits go up 8% a year, and stocks will follow. That’s all there is to it.” -Peter Lynch The...
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Not-So-Boring Bonds
Not-So-Boring Bonds At the top of 2022, we wrote that stock market multiples were precariously perched after soaring well above historical averages. Since then, multiples...
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Would You Buy All of the Bitcoin in the World for $25?
The recent debacle at FTX and the broader selloff in cryptocurrencies over the past year have us thinking a lot about our investment discipline and...
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