Blogs
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The Trash Rally Endgame: Navigating the Probabilistic FuturePart 3 of 3: What It Means Today and Tomorrow
We've identified the warning signs. We've studied the history. Now comes the hard part: positioning portfolios when we know trash rallies end badly but can't be timed. Here's our probabilistic…
The CatShark Report November 23, 2025
If you are concerned by the red ink, we are not and can help you feel better after you read…
The CatShark Report November 16, 2025
Despite ending the government shutdown, markets fell over concerns about employment, ongoing inflation (the affordability crisis)
The CatShark Report November 9, 2025
A down week as the trash rally found a peak, fell and bounced late Friday. We were slightly down for…
A History of Trash Rallies: When Garbage Became GoldPart 2 of 3: Lessons from Market Manias Past
Every generation experiences some form of market mania. Technology changes, narratives evolve, and the pattern stays remarkably consistent - excess…
The CatShark Report November 2, 2025
We had a relatively flat week where preferred stock prices held us back. These are not a concern, which we…
The Trash Rally: When Garbage Becomes Gold(And Why That's a Problem)
When small-caps with weaker fundamentals outpace quality stocks by meaningful margins, smart investors pay attention. History shows these patterns typically…
When the Model Breaks: Why Financial Projections Fail at the Worst Times
Despite all our care and confidence, the market crashes 35% in three weeks. The financial model on which we relied…
The Indexing Bubble: When Stock Prices Are Unfair
Passive indexing now controls more than half of U.S. equity markets. The unintended consequence? Price discovery is breaking down -…
Earning Alpha
What is Alpha? Have you ever wondered whether you earned enough for the risk taken? In the professional investor world,…
Stock Market Adulting
Adulting the Stock Market Introduction With the New York Stock Exchange’s founding in 1792, US companies in need of fresh…
What Is My Return On Investment
What Is the Return on My Investment Looks So Simple Looks can be deceiving and the wrong math applied to…
Risk Explained
Risk Explained A Very Misunderstood Concept Let’s start with a practical definition – risk is the degree to which a…
Regulations Matter
Regulations Matter Treacherous Waters The two pillars guiding our investment philosophy: Everyclient’s money reflects someone’s deep effort to create that…
Human Error
Human Error The Information is Out There Here’s an interesting fact to ponder: over the decades, our ability to get…
Hard Assets & Crypto
Hard Assets & Crypto When Did Crypto Become a Hard Asset? If Wall St. is good at anything, it’s storytelling;…
