Mid-Year Outlook: Stocks Back At HighsThe S&P 500 reached a new high as fears stemming from tariffs and geopolitics have faded. Stocks are priced for a benign economic outcome and…

Geopolitical Market Risk: Israel-Iran War & OilThe average return on the stocks is negative for the week and month after geopolitical conflicts. The economic risk is higher oil prices, a…

Concentrated Stock Positions: Compounding Versus RiskAllowing big winners to grow is a proven strategy employed by Buffett and Munger. The magic behind the strategy and the risks of concentrated positions…