Our Newsletters

Our Macro View

Our Macro View

Our medium- to long term projected trends that form the bedrock of our portfolio construction process
Our Original Thesis Is Still True: Stock Returns Will Remain Mediocre

Our Original Thesis Is Still True: Stock Returns Will Remain Mediocre

A look at the macro environment that justifies our investment belief in strong free cash generators with solid growth
Why Do Dividends Matter?

Why Do Dividends Matter?

A tutorial: elaborating on our focus on free cash flow and dividends
Volatility ≠ Risk

Volatility ≠ Risk

A discourse to emotionally prepare ourselves for future price volatility and guard from confusing it as risk
Underlying Macro Thoughts Guiding Our Portfolio Construction Process

Underlying Macro Thoughts Guiding Our Portfolio Construction Process

We focus on earnings visibility and sustainability in a low growth low rate environment
Compendium of newsletters from March 2013 to December 2014

Compendium of newsletters from March 2013 to December 2014

Exploration of themes to explain our macro beliefs and fundamental investment thesis guiding our portfolio construction process