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Recent Publications
Scorecard # 45 – Bedtime Stories
"If math were the only thing that mattered, AI would be a threat to [us]. But the math is the easy part. Besides, we have an unfair advantage: our parents read us bedtime stories as children ...
Scorecard # 44 – Farewell, Charlie
… nobody has ever accused me of being humble. Although humility is a trait I much admire, I don’t think I quite got my full share.” Charlie Munger ...
Scorecard # 43 – Quarter Century
We don’t mind the current market environment as we are finding new places to put capital ...
Scorecard # 42 – Skinny Pop
Index returns are discussed ad nauseam but rarely analyzed. The current market rally has been a narrow one and merits a deeper dive ...
Scorecard # 41 – Banking’s Endgame
"Investors are on edge. Rapid interest rate increases are creating stresses in the banking sector... " ...
Scorecard # 40 – Reversals of Fortune
"There are a million ways to get wealthy… but there’s only one way to stay wealthy: some combination of frugality and paranoia” ...
Scorecard # 39 – Get a Grip
As the Oracle of Omaha himself so aptly put it, value investing is simple, but not easy ...
Scorecard # 38 – Funiculì, Funiculà
Funiculì, Funiculà The Value Fund is down -9.2% year-to-date (YTD), more than half of that decline coming in the month of June. The bear market has officially arrived with the S&P500 off to its worst start in over 50 years. People holding more speculative assets like cryptocurrencies, have likely suffered ...
Scorecard # 37 – The Golden Rule
"Buy quality companies when they are on sale. Avoid leverage, folly and big mistakes that set you back. It is simple, but not easy.” ...
Scorecard # 36 – Decennium
Decennium The Value Fund finished the year +20.8% (net). A weakening US dollar lowered our returns by approximately -0.8% for the year. Stock markets ended the year near record highs: DJIA +20.1%, Nasdaq +21.4%, S&P/TSX +25.1%, S&P 500 +27.9%.(1) The past year was GreensKeeper’s tenth-consecutive year of positive returns. Granted, ...