Looking far

Looking Three Years Out When Investing

On behalf of our Chief Investment Officer Tim Travis… In a world where data of just about any kind is literally seconds away with a few strokes from your fingertips, it is not hard to get swallowed up in the hysteria of short-termism, in relation to your investment approach.  The term “investing” means purchasing a […]

Stock Market Bubble?

Are We in the Third Biggest Stock Bubble in History?

On behalf of our Chief Investment Officer Tim Travis…   Hello Everyone, I stumbled upon an article on MarketWatch that said we are in the 3rd biggest stock market bubble in history.  Firstly, I don’t agree with that premise, although I do believe that the market is quite expensive.  The analysis is based on a […]


1st Half of 2014 Performance Report and Commentary

It is with great pleasure that we are able to show continued market outperformance for the 1st half of 2014. As long-term deep value investors, we urge you to not overemphasize any one quarter or year, I can assure you that there will be periods of underperformance. The key is that I believe our deep […]

Rate Table

Average Junk Bond Yield Below 5% for the 2nd Time Ever- How it Impacts You

In an effort to stimulate the economy, the Federal Reserve has taken unprecedented steps and has indeed succeeded in generating some of the lowest interest rates in U.S. history, bolstering the housing market.  These efforts have been weighed down however, by government initiatives that have been heavy on regulation and low on job creation.  While […]

Dennis Gartman

Gartman Wrong in Calling for a Correction- WSJ

It is always amazing to me, how much of an emphasis most market participants put on market timing and newsletters promoting market timing.  This is highly damaging to long-term investment returns and is a primary reason why most market participants generally underperform the market averages.  There are reasons why most newsletter publishers are not billionaires, […]