Client Portals

Lessons From Warren Buffett’s Annual Letter

Betting on the American system

Mar 3, 2021 - John Osbon ( 5 mins to read)

Warren Buffett published his annual Berkshire Hathaway letter this past weekend and as usual, it was full of insights on investment strategy, company culture and robust optimism about the future. Since his very first partnership 1956, his main focus has been on providing compounded returns over time above the S&P 500 for individual investors. What can we learn from Buffett’s insights? What D...


This Article Is A Store Of Value

NFTs are rapidly gaining in popularity

Feb 24, 2021 - Max Osbon ( 7 mins to read)

If it feels like the world is moving exceptionally fast today, you’re not alone in that feeling. NFTs are the start of a major financial revolution. Over this past weekend, NFTs (Non-Fungible-Tokens), accelerated into the mainstream as well over $100m in NFTs changed hands in just a few days. Since NFTs use a public blockchain, all of the transactions, history, volume and number of participants...


Emergence of the Retail Trader

Feb 17, 2021 - Max Osbon ( 8 mins to read)

The wild ride with GameStop stock, Wall Street Bets, Robinhood and Melvin capital last month was an incredible moment for retail traders. Retail trading today is defined by ultra passionate investment forums, endless supplies of memes, zero dollar trading costs and easy access to powerful financial derivatives called options contracts. Everyone wants to know where these massive groups of trader...


The Big Cash Glut

The dollar is searching for a standard

Feb 10, 2021 - John Osbon ( 6 mins to read)

The term “too big to fail” was coined following the collapse of Lehman Brothers bank in the heat of the 2008 financial crisis. The Fed chose this term to describe a company with so much complexity and interconnectedness that if they failed they would create an unacceptable amount of financial damage for the rest of the economy. This switch to too-big-to-fail policy ushered in the era of the QE ...


Total Picture Investing

Adding Full Context To An Investment Strategy

Feb 3, 2021 - Max Osbon ( 6 mins to read)

We’ve noticed a significant jump lately in the number of people interested in long term investment planning. Given how COVID has upended so many plans, this is not all that surprising. It’s clear that many are thinking about semi-retirement, full retirement, or working from home in perpetuity. Many are considering what it would be like to focus on a new variety of income-producing activities li...


SPACs Must Be Evaluated Like Any Investment

Increasing access for individual investors

Jan 27, 2021 - John Osbon ( 5 mins to read)

There is a lot of talk about the stock market of 2000 and concerns of a bubble. Yet out of that dot com bubble came Amazon, Apple and many other invaluable innovative technology companies. Twenty years later that internet-crazed market is much more valuable than it was in 2000 and many more investment choices are available. In a similar way today there are surely bubble and overvaluation aspect...


Where To Allocate New Capital

Pessimists, optimists and the innovator’s advantage

Jan 20, 2021 - Max Osbon ( 6 mins to read)

With markets hitting fresh highs, a perennial investment question remains: “where do investors allocate new capital in 2021?” Successful investing today is closely linked to an ability to embrace optimism and celebrate the coming waves of disruption and innovation. Broad skepticism and pessimism have not been winning strategies. As the internet age enters its cloud computing and artificial inte...


Value Is Where You Find It

Focusing on quality above all else

Jan 13, 2021 - John Osbon ( 5 mins to read)

In elementary terms, value investing means investing when you feel the price is below what it should be. This value philosophy has created many successful billionaire investors like Seth Klarman, Warren Buffett and others. It’s an intuitive philosophy. One should always seek to invest at levels consistent with the value concept. The challenge today is many traditional metrics of value no longer...


Looking Ahead Towards 2021

Continuing on the themes from 2020

Jan 6, 2021 - Max Osbon ( 6 mins to read)

The calendar has changed to 2021, but in reality, not much else has. The whole world needs vaccines and that will take all year to deploy. The business models of technology-focused companies will continue to get stronger even though we will be ‘back to normal’ by the end of the year. Bonds have zero to negative yields, the Fed continues to print money and the wealth gap is a major concern. Savi...