Season Investments



Unintended Consequences

Posted on Mar 1, 2016

It is everyone’s favorite time of the year where we are all inundated with sound bites, headlines, and advertisements telling us why we should or should not cast our vote for a particular Presidential candidate. One of the many topics of discussion this election season has been income inequality, which is the topic of this week's Insight.

The Right Stuff (Pt 2)

Posted on Feb 23, 2016

Last week I reviewed 7 of the 13 characteristics of a successful investor as laid out by author Tren Griffin in Charlie Munger: The Complete Investor. This week I'll pick up with #8 and review the last 6 characteristics.

The Right Stuff

Posted on Feb 16, 2016

Charlie Munger is unarguably one of the most well-respected and successful investors of our time. With wit and wisdom that are second to none, and a straight shooter style of communication, he is one of the most carefully studied and oft-quoted personalities in our industry.

Safety In Numbers

Posted on Feb 9, 2016

Just last month, I received an email from Van Eck trumpeting the merits of peer-to-peer lending. It was interesting to read that a $30 billion+ asset management firm would go on record to endorse the merits of the once relatively obscure space. This week we provide an update on how our P2P managed account composite is performing 19 months since inception.

Anything But Boring

Posted on Jan 26, 2016

Today’s Insight is the third post we’ve written on VEREIT (ticker: VER). When we first wrote about and purchased the stock we included the caveat that “any number of things could create another wave of negative sentiment that could send the stock even lower.” Today we look back at what has happened since our initial purchase and what the future might hold for VEREIT.

Losing Numbers

Posted on Jan 19, 2016

Unless you have been living under a rock, all of our readers are probably aware that last week’s Powerball jackpot swelled to an all-time high of over $1.5 billion.Last week I was asked by a client whether buying a lottery ticket made sense from an odds perspective since the jackpot was so large. What I discovered along the way became the genesis for this weeks’ Insight.

And We're Off!

Posted on Jan 12, 2016

And we’re off…by about 6%! The first week of trading in 2016 claims the honor of being the worst starting week on record for the S&P 500 Index in its long and storied history dropping by close to 6%! It was a rough week for sure, but how should it effect our investment outlook for the future?

The Year of Meh

Posted on Jan 5, 2016

According to Wikipedia, the word Meh is the verbal equivalent of a shrug of the shoulders. This word perhaps perfectly encapsulates the feelings most investors have toward their returns in 2015.

Two Types of Green

Posted on Dec 29, 2015

Whether you are supporter of green energy or not, it is safe to say that this industry has some major tailwinds at its back.This sentiment has been widely adopted for some time now as money is being invested into clean energy for capitalistic and altruistic reasons. One could say that investors in this space are capturing two types of green.

The Lone Cockroach

Posted on Dec 15, 2015

We’ve all heard the saying “one man’s junk is another man’s treasure.” Well, for the junk bond market over the past few months the treasure has been conspicuously absent. Junk bonds have been under pressure lately, leaving many wondering how much more carnage there might be and what it might portend for other areas of the market.

Economic Emoji

Posted on Dec 8, 2015

The information age affords no shortage of data and metrics for those looking to track, quantify and predict economic activity. Yet, amidst all the complicated sophistication many of the metrics that have stood the test of time and are actually the simplest. The Misery Index is a great example.

Rise of the Unicorns

Posted on Dec 1, 2015

Back in 2013, the term unicorn was coined to describe private technology companies that were valued at over $1 billion. At that time there were only 36 unicorns, but today that number has increased by almost 400% with 142 unicorns collectively worth over half a trillion dollars.