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2011 Q2 Newsletter

The Peloton Position / 2nd Quarter 2011 Quit Now! Rarely do movie sequels live up to the expectations set by their predecessor films — even for franchises with mediocre debuts. Rarer still are third installments that don’t flop miserably at theaters. Quite often,...

Stocks Marching to Their Own Drumbeat

Stocks ended last week at higher levels than just before the Japanese earthquake and tsunami.  On the surface that might seem ridiculous.  The nuclear situation in Fukushima seems to be stabilized but remains precarious, and a good portion of infrastructure in...

Under the Radar: Good News You Missed

Trading, unlike investing, works best when a strategy can be reduced to a single determining variable. For example, last year traders sold stocks on dollar strength and bought when the dollar fell.  Short-term trading (even so-called high-frequency trading) is always...

2011 Q1 White Paper

KEY ELEMENTS OF OUR INVESTMENT APPROACH / A Better Way to Manage Risk Risk management took on a renewed sense of importance during the Global Financial Crisis of 2008-09.  As Fannie Mae and Freddie Mac were placed into conservatorship, Lehman Brothers filed for...

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