It was a good run. Since the end of World War II, the world’s most respected currency was the U.S. dollar (USD). If someone wanted to peg their currency value to keep their economy stable, they pegged it to the…

The world has gone crazy – stark raving mad. 2020 was supposed to be a nice quiet little year with modest economic growth and a gently rising stock market, according to all the economists, pundits, gurus, and government talking heads….

In January, I was bullish on the U.S. economy and the state of the markets.  I hadn’t worried much about the base of valuations – but I’d remained concerned as always about the fact that the Federal Reserve has been…

The art of value investing has a reputation as a boring, unadventurous activity that used to work a long time ago back before we had streetlights and indoor plumbing. The exciting stuff is the growth and tech companies that are…