The Market as a Voting Machine As Warren Buffett famously observed, borrowing from his mentor Benjamin Graham, “In the short run, the market is a voting machine, but in the

Market Timing is a Losing Strategy Market volatility can be unsettling, but the bigger question for investors is whether they are truly investing in businesses or simply trying to time

When it comes to equity valuations, it’s easy to get lost in the weeds of earnings growth, margin expansion, and productivity gains. But at the end of the day, what

As we step into 2025, the bond market has been a crucible of contradictions and surprises, testing narratives and challenging conventional wisdom. The 10-year yield, once perceived as anchored after

If history teaches us anything about markets, it’s that every “wall of worry” has its bricks—some familiar, others rarely seen—and yet markets tend to climb it. As we look toward

Recent price action in the bond market, specifically the movement of the 10-year yield from 3.60% to 4.45% following the Federal Reserve’s rate cut, has led to a flurry of