2024

Whether avid sports enthusiasts or casual observers, there are few across the United States who fail to recognize the name Caitlin Clark after this past March. The college basketball star competed in last month’s NCAA Women’s March Madness tournament, contributing…

Have you heard of Qualified Small Business Stock (QSBS)? The name suggests it might not only warrant the attention of small business owners, but QSBS is also very relevant to private equity investing in smaller companies. Knowledgeable private equity managers…

The cargo ship, Dali, recently struck the Francis Scott Key Bridge in Baltimore, resulting in the tragic loss of six lives. The Port of Baltimore was forced to shut down temporarily – a significant event given Baltimore is the ninth…

Commercial real estate is a diverse asset class. Its various sectors experience different trajectories. While certain sectors, such as multifamily housing, have thrived before and during the pandemic, the retail sector, particularly shopping malls, has faced major headwinds. The surge…

Once the darling of the commercial real estate market, Class A multi-family properties are currently in a bit of a slump. A combination of changes in market cycle factors has prompted the sector to stumble for the first time in…

A news cycle is traditionally defined as the period between when you get the latest information and what your reaction is to that information. When I started my career, the news cycle was daily. The information you needed was delivered…

In 1852, Scottish journalist Charles Mackay wrote Popular Delusions and the Madness of Crowds. In his book, Mackay chronicled financial manias through history, including the 17th-century Dutch Tulip Mania bubble. He showed the consistency of human behavior when it comes…

Bad habits can sometimes be hard to break. One bad habit in investment analysis is using cost basis to judge performance. The point of this note is to explain why it is a bad idea and a habit in need…

I’ve just returned from an enriching two-week journey to Japan alongside my son, and my mind is brimming with newfound perspectives gleaned from immersing ourselves in another culture and world. Our expedition began in Hiroshima, where we were profoundly moved…

Clear thinking is a necessary component of successful investing, but some fallacies can be difficult to detect. Here is a common example. A recent segment on CNBC titled “What Happens if $6T in Cash on the Sidelines Comes Into the…