cave

Commentary Archive

Priorities and Performance
(Jul - 2017)

Melt-Up
(Apr - 2017)

The Voting Machine and a Different Kind of Bubble
(Jan - 2017)

Passive Investing and Stock Market Structure
(Oct - 2016)

Keeping Time
(Jul - 2016)

Top Down Concerns, Bottom-Up Opportunity
(Apr - 2016)

Staying Right Sized
(Oct - 2015)

The Great Reflation and Stock Prices
(Jul - 2015)

15 Years On: The Worst of Times Revisited
(Apr - 2015)

Rolling Along, with Lots of Insurance
(Jan - 2015)

Investment, Speculation, and Market Timing
(Oct - 2014)

Protecting Capital for the Long Run
(July - 2014)

Revisiting the Impact of Low Interest Rates on Equities
(Apr - 2014)

Swimming Against
the Tide

(Jan - 2014)

What Corporate Profits Are Telling Us
(Oct - 2013)

Low Rate, High Profit Value Mirage
(July - 2013)

Struggling to Find Value
(Apr - 2013)

Hangover Part II
(Jan - 2013)

Stock Picking and Playing Defense
(Oct - 2012)

Media Madness and the Music of Business
(Jul - 2012)

The Recovery and Stock Prices
(Apr - 2012)

The Most Important and Misunderstood Idea in Investing
(Jan - 2012)

The Past as Prologue
(Oct - 2011)

One Foot In,
One Foot Out

(Jul - 2011)

The Forest from the Trees of Investment Returns
(Apr - 2011)

Lessons and Myths
(Jan - 2011)

Fate of the V Shaped Profit Recovery
(Jul - 2010)

Valuations and Path Dependence
(Mar - 2010)

The Old Normal
(Dec - 2009)

The Wrong Thing
(Mar - 2009)

Caution to Courage
(Jan - 2009)

Same Story, Different Channel
(Jan - 2008)

Risk Control
(May - 2007)

Navigating
(Dec - 2006)

Uncle Myron's Afro
(Dec - 2005)

Revenge of the Bubble
(Dec - 2004)

Patient Investing
(Nov - 2003)

Market Psychology and Economic Facts
(Jan - 2003)

Rip Van Winkle
(Sep - 2002)

Market Conditions: Summer of 2002
(Jul - 2002)

Events of 9/11
(Sep - 2001)

Introducing Mr. Market
(May - 2001)

Growth at Any Price?
(Aug - 2000)

The Worst of Times
(Feb - 2000)