Musings on Markets

    Markets play an expectations game, and in March 2026, we saw the process play out, with all of its upsides and downsides. The month star...

    When uncertainty roils markets, as is the case right now, it is natural for investors to get knocked off balance, a when off-balance, to...

   I start my valuation classes with a question of whether valuation is an art or a science, and I argue that it is neither; it does not hav...