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.

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2025:

• Buffett Turns the Page - 2025 Berkshire Hathaway Annual Meeting Recap

• 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