Monthly Digest

Concise market commentary on the month gone by, a summary of how we think about the markets real time and what the dominant narratives are.  Call it a monthly investment diary if you will, something to look back at after a few years and learn from. 

Over a period of time investors may note how shallow the market narrative can be at times. It is like commenting on how traffic flows through an arterial road in a big city during peak times, useless at worst and entertaining at best. 

We do our best to stay sane and to focus on core investing principles at all times. But we too are human, mistakes will be made. The key is to minimize the impact costs of the inevitable mistakes.