Investments
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Is Gold a Smart Hedge, or Just Shiny…. Should Gold be in Your Portfolio?
By Devon Walsh, CFA Is it all glitter? Due to geopolitical uncertainty, investments in rare metals like gold and silver… -
OBBBA Leaves Stocks Largely on the Same Trajectory
By Chris Lafayette MY TEN-YEAR-OLD SON loves sports, and in the off-season, while there are no games, he keeps me… -
Overconfidence
By Paul Copeland JUST OVER 30 YEARS AGO, Orange County, CA declared bankruptcy. Three thousand government employees ended up losing… -
Patience and Awareness
By Gary Gibbs Often when an asset class enjoys significant relative outperformance, there begins to be talk of a bubble. Whether… -
Change is the Constant
By Chris Lafayette, CFA ON THE SURFACE, 2025 seems to have the potential to bring greater change than usual, particularly… -
Building an Investment Philosophy
Investing is both an art and a science, demanding patience, and a deep understanding of the businesses we choose to… -
Pearls of Wisdom
By Todd Gray After 38 years in the investment management business, I am retiring from my position as a Portfolio… -
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There is No Such Thing as a Risk-Free Lunch
By Paul Copeland, CFA Like many people, I was surprised by a refund check from my insurance company as COVID-19 stay-at- home orders have led to fewer accidents. -
The Nifty Fifty & The Trauma of The Beep
By Jack Davidson I was hired as a trust administrator at the Vermont National Bank in November of 1970. The market was doing well and life was pleasant. -
How Is the Dow Jones Industrial Average Calculated?
By Bonnie McLellan In 1987, a year after I started working in a trust department as an assistant portfolio manager, the DJIA (Dow Jones Industrial Average) was trading around 2,000. -
Financial Headlines
By Ben Ferris, CFA Financial headlines are dominated by well-known conditions and widely anticipated events such as actions by the Federal Reserve and trade disputes by world powers. -
Bigger May Not Be Better
By Ben Ferris, CFA The size of these companies fits more into the “need to know” category. -
Current Views on the Market
By Ben Ferris, CFA I believe it is fruitless to spend much time worrying or forecasting macroeconomic factors. -
Lions and Tigers and Bears, Oh My
By Todd Gray Departing from our normal approach of addressing one particular investment theme in each newsletter… -
Ancient Advice for a College Graduate
By David DeBellis On May 17th of this year, I will have the joy of watching my son walk across the stage at his college graduation. -
Dividends vs. Total Return
By Steve Singiser Restaurant server to a breakfast customer: “Would you like a dividend in your coffee cup?” -
Fear and Being “Normal”
By David DeBellis Investor fears today are higher than they have been in quite a while.
