Market Commentary

Outside of our semiannual and annual client memos and our quarterly research notes, we started writing periodic updates when we feel sharing our perspective could be valuable.

Click to download:

2025:

• What’s Going On

2024:

• Berkshire Hathaway Annual Meeting Recap

2023:

• Charlie Munger, A Life Well Lived

• Municipals - It's a Buyers Market

• Berkshire Hathaway Annual Meeting Recap

• Cash Yields - Where We Stand Today

• Financial Instability

2022:

• Berkshire Hathaway Annual Meeting Recap

• Bear Market Thoughts

• Getting Back to the Basics

2020:

• Berkshire Hathaway Annual Meeting 2020

• Great Company, Bad Stock

• April 7, 2020 Market Commentary

• March 13, 2020 Market Commentary

• February 27, 2020 Market Commentary

• Private Equity

2019:

• Four Observations in Markets Today

• Berkshire Hathaway Annual Meeting 2019

• Inverted Yield Curve - Should You Care?

2018:

• Mr. Market

• Berkshire Hathaway Annual Meeting 2018

• What Is Value and Does It Still Matter?

2017:

• Berkshire Hathaway Annual Meeting 2017

• The Incomplete Debate: Active vs. Passive

2016:

• Brexit Analysis

• What Time is it? Greed Vs Fear

2015:

• Keeping Perspective

• Investing with Uncertainty