Markets

A Window into the Economic Recovery

A Window into the Economic Recovery It can be instructive to zoom in on a business and use “micro” economic data to take a pulse on broader “macro” economic trends. We own one business in our model portfolio* – Visa – that provides a particularly interesting view into global economic activity by using this framework.…

Stock Review: VMware

“There is no doubt that the cloud is one of the most significant platform shifts in the history of computing… However, as industry experience with the cloud matures — and we see a more complete picture of cloud lifecycle on a company’s economics — it’s becoming evident that while cloud clearly delivers on its promise early on…

A New Kind of ARK

The Backstory Paccar, a global manufacturer of medium and heavy-duty trucks with annual sales of around $20 billion, is one of the stocks in our Model Portfolio*. We were intrigued to see Paccar’s stock (PCAR) up +10% on January 21, 2021. With a standard deviation of daily returns of 1.6% over the past 10 years,…