From the perspective of an outside observer, our investment process can seem about as exciting as watching paint dry. We don’t hold a lot of positions, and we don’t do…

By logical measures, stock markets remain richly valued overall. Our cash position remains high in our equity portfolios. As I’ve said in the past, we are prepared to take advantage…

Despite the market gyrations of the last few months, and the headlines that go with them, stock valuations are not meaningfully lower as compared to the end of 2017 and…

You know the rest of that line. As practitioners of fundamental value investing, we are looking for market inefficiencies that allow us to purchase shares of strong companies at advantageous…

Dear Clients, You know that my investment approach involves looking for stocks trading at attractive prices – the kind of deals you’re more likely to find at your neighbourhood Walmart…

Dear Clients, In managing your money, I’m not investing in “markets”. Rather, I’m using the markets to invest your money in shares of companies – companies that I believe can…