April 5, 2021 Investor Memo Q1 2021 Is it still the year of not good enough?We concluded our year-end 2020 investor memo by saying that 2021 will be “the year
March 15, 2021 The Dark Side of a Rising Stock Market Think of a company’s stock market capitalization as the present value of investor expected future cash flows. There are two ways this number
March 9, 2021 Big Market Delusion – Electric Vehicles By Bradford Cornell, Rob Arnott, Lillian Wu If a capitalist had been present at Kitty Hawk back in the early 1900s, he should’ve
March 1, 2021 Big Returns! Many of today’s investors, particularly the young aggressive Robinhood types, want big returns, and that is something more than the stock market, or
