Commentary

The Double Bear Spread Hedging Strategy We recently outlined four different shorting strategies (see that November commentary). Today, we share another way to hedge with options that meets …
Mastering the Art of Risk Management: Four Essential Hedging and Shorting Strategies At least as much as investors like making money in the stock market, they dislike losing money, and therefore many of us seek ways to hedge. We want …
The Definitive List of What Investing Is Like Investing is, apparently, like a lot of very different things. Here is a not-even-exhaustive list of the things to which investing has been …
The Risks No One Is Talking About This image, from the Nintendo video game “Super Mario Brothers,” went viral on X/Twitter a few years back:
The Contradiction at the Core of the Stock Market There is a contradiction at the core of the stock market that makes investing at once simple and endlessly vexing:
Invest Smarter - Avoiding Common Behavioral Biases A silver lining of the kind of market volatility we've experienced thus far in 2022 is that it can serve as a sobering reminder to revisit your …
Beyond Cloud Computing: Why We’re Watching This Digital Trend Editor’s note: This piece was originally published in November 2019. It has been lightly edited and updated as of July 2023. In a letter to …
The Portfolio Management Marathon Type “investing is a marathon, not a sprint” into Google’s search bar, and you’ll get about 743,000 results.
The Short Story on Our Shorts We strive to own a portfolio of leading companies that will grow in value the more we let them alone—even as we, of course, watch our businesses …
The Long and Short of our Stocks Every investment manager will tell you that they buy exceptional companies that have competitive advantages. Even we say it. But without additional …
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