MARKET COMMENTARY

We're in a bear market that will extend to 2020

FEB 2019

Bear Market Will Extend Through 2020

JAN 2019

The Bear Market Is Here

DEC 2018

Market Review and Outlook Letter

Q3 2018 Letter

When It Comes To Wisdom & Innovation: #PatienceIsAVirtue

Q4 2018 Letter

A Tale of Four Charlies & #FinancialNaturalSelection

Q2 2018 Letter

Eureka! The Digital Gold Rush

Q1 2018 Letter

Blockchain, Bitcoin, & the Tokenized Economy: #TheVirusIsSpreading

Q4 2017 Letter

The Year of the Frog #HackedMarkets

Q3 2017 Letter

It’s Déjà Vu All Over Again and #PureImagination

Q2 2017 Letter

What Goes Up, Must Come Down: #DarknessFalls

Q1 2017 Letter

Not So Intelligent Investors: #GravityRules

Q4 2016 Letter

Babson's Brilliance and #WelcomeToHooverville

Q3 2016 Letter

Save FairUs

Q2 2016 Letter

The Value of Value

Q1 2016 Letter

Two Thousand Zero Zero, Party Over, Oops, Out of Time…

Q4 2015 Letter

Experts Only

Q3 2015 Letter

A.W. Jones Was Right: Time To Get Hedged

Q2 2015 Letter

Greece Is The Word And Unloosing The New Gordian Knot

Q1 2015 Letter

Not Lyin’, The Big Tiger’s a Bear, Oh My!