The Index Says Calm. The Average Stock Says Otherwise. Tim Travis' Commentary 2026-10-02 The Index Says Calm. The Average Stock Says Otherwise. If you only watch the S&P 500, September looked like a shrug. A few bad… Tim Travis Love0
You’re a Real Estate Tycoon. You Just Didn’t Know It. Tim Travis' Commentary 2026-09-29 You’re a Real Estate Tycoon. You Just Didn’t Know It. A lot of our clients owned rental property at some point. Some still do. Almost… Tim Travis Love0
How a $3 Million Retirement Runs Out of Money Tim Travis' Commentary 2026-09-29 How a $3 Million Retirement Runs Out of Money When people hear that someone retired with $3 million and still ran short, they picture… Tim Travis Love0
Public REIT M&A: The Window Is Reopening StrategiesTim Travis' Commentary 2026-05-16 Public REIT M&A: The Window Is Reopening Public REITs are trading at the kind of NAV discounts that have historically pulled in… Tim Travis Love0
Business Development Companies: Deep Discounts to NAV Where the Math Already Survives a 2008 Stress Test StrategiesTim Travis' Commentary 2026-05-16 Business Development Companies: Deep Discounts to NAV Where the Math Already Survives a 2008 Stress Test Many BDCs are trading at meaningful discounts to net asset value with double-digit dividend yields… Tim Travis Love0
Mortgage Insurance: Buying Discounts to Book Value, Selling Above It StrategiesTim Travis' Commentary 2026-05-16 Mortgage Insurance: Buying Discounts to Book Value, Selling Above It During COVID we built positions in mortgage insurers when they traded at significant discounts to… Tim Travis Love0
Our Covered-Call Income Overlay — What It Is and Why We Use It StrategiesTim Travis' Commentary 2026-05-15 Our Covered-Call Income Overlay — What It Is and Why We Use It On top of the value stocks we own, we sell options to generate income. The… Tim Travis Love0
Why We Look at Free Cash Flow Over Earnings StrategiesTim Travis' Commentary 2026-05-15 Why We Look at Free Cash Flow Over Earnings Earnings are an opinion. Cash is a fact. Why TTCM underwrites businesses on free cash… Tim Travis Love0
What We Mean by Margin of Safety StrategiesTim Travis' Commentary 2026-05-15 What We Mean by Margin of Safety Tl;dr. Margin of safety isn't a number — it's the discipline of paying enough below… Tim Travis Love0
BDCs and the Golden Opportunity: Why the Panic Is Overblown Fixed IncomePerspectivesTim Travis' Commentary 2026-04-14 BDCs and the Golden Opportunity: Why the Panic Is Overblown Why the current BDC selloff is far milder than 2008, why first-lien loan portfolios with… Tim Travis Love0