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Middle Market: The Investment for the Super Rich That You Can Access Too

The U.S. economy is by far the largest economy in all the world. It’s worth $18 trillion followed by China at $11.4 trillion which is followed by a market that few know about and fewer invest in. If treated as its own economy, the U.S. middle market economy is the third largest economy in the world, worth $5.9 trillion. It’s bigger than Japan, Germany and the U.K. yet no one on CNBC or Fox Business even talks about it.1 In fact, it’s an area of the market that I really didn’t know anything about until a friend of mine introduced it to me several years ago. After years of research, and my own money along with some client’s money being invested in this area of the market, I think it’s something more people should be aware of. I really got excited about middle market investing during the first part of
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Categories: Markets and Personal Finance.

Presidential Election Results: A Quick Guide for Investors

This week has seen one of the most surprising US Presidential election results in history. What a ride it was! For me, this has meant mass texts, calls, emails and more from clients and associates wanting to grasp what it means for their portfolios and how to react. Today’s video is meant as a guide to how we believe the disciplined investor will act in light of a President-Elect Trump. Enjoy. What We’re Reading Jamie Dimon just sent this memo to his staff about Donald Trump’s victory: One of our favorite CEOs, Jamie Dimon of JP Morgan, sent out a letter to his employees after the election results. The whole idea of working hard, listening to our clients, and realizing the kind of country that we live in, that is stuff that we completely agree with. Good work Mr. Dimon! Master’s in Business Podcast interview with Bill Miller: This podcast
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Categories: Markets and Strategy.

November Market Commentary: Elections, Market Fluctuations and Thanksgiving Appreciations

This month for our market commentary we have a discussion on the implications of presidential probabilities. Because let’s face it when it comes to investing its the probabilities that matter regarding the election – not the specific outcome. We also discuss Novembers historically and how they perform as well as talk about what we’re doing specifically in light of current market conditions. And of course we show our appreciation for some of the things we’re grateful for in this the Thanksgiving month. Please enjoy our take on the markets in November: What We’re Reading: The Art of Stockpicking by Charlie Munger. This is a classic! If you’re at all interested in learning from one of the best money managers and stock pickers of all time, you must read this! We have received designed much of our investing process from what is found in this letter. Nike co-founder shares ‘the only
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Categories: Market Commentary and Markets.

Simplicty In Investing, The Foundation of the Iron Gate Philosophy

I am often asked how we have managed to have the performance in our All-Cap Value portfolio that we have had over the last 15 years. People want a “secret sauce” or a “hack” of some sort that gives us some kind of unseen power. Really, our process has been very transparent and easy to understand. I wanted to share with you a video from my partner Brian Hunsaker that walks you through exactly what we do. You’ll see that it’s not complicated or magical at all. Sticking to this process with discipline and not straying from it has been the key to our success. Enjoy the video. What We’re Reading Brett Pattison on CNBC – yes this is a bit of a fun one. Remember last week’s topic regarding advisor fees? Well an article I recently wrote was featured on CNBC just this week. It covers much of what
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Categories: Markets and Strategy.

Are These Market Highs Too High? September Market Commentary

The market has gone nowhere but up since Brexit. Is this sustainable? The summer doldrums never really happened as we have seen indices up across the board. Does that mean something has changed in the markets? September (and to a lesser extent October) is one of the historically lower performing months of the year. How should you think about your portfolio in light of this? All time highs, or near them for the Dow, the S&P 500 and the Nasdaq. Will the trend continue? These are all questions you should care about and that we discuss in this month’s Market Commentary. What we’re reading: The Stock Market is Vanishing: This is an interesting article pointing out that there are fewer stocks than there has been in a long time. This could be a reason valuations could head higher? While we believe the low interest rate environment is the cause, we
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Categories: Market Commentary and Markets.

Market Commentary – What History Has To Say About Lethargic Markets

The markets have gone sideways for well over a year now. History has a little bit to show us about what that might mean and how we may want to think about the next few months. In this month’s Market Commentary we’re going to review historical references of when the markets looked similar to what we see today. It’s an interesting view on why being consistent, and focusing on probabilities is the approach that is most likely to yield results. And below the video we have our “What We’re Reading” section to give you some of our favorite articles. Enjoy.   What We’re Reading What’s Your Plan B for Retirement? This is a great article about the importance of a well-built portfolio as well as the need to make retirement about more than just money. Read the full article here. Buy-and-hold fund prospers with no new asset bets in 80 years.
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Categories: Market Commentary and Markets.

Malcolm Gladwell, Popularity, and Investing

**The following is taken from our client quarterly newsletter. Certain sections have been removed that contain client only information.    One early morning while I was out running I was listening to an iTunes podcast by Malcolm Gladwell. It was published on June 29 and is called “The Big Man Can’t Shoot.”   Almost the entire time found myself saying, “Our clients need to hear this!” So with that in mind our quarterly commentary will have a Malcom Gladwell twist. In the podcast Mr. Gladwell details Wilt Chamberlain and his famous record setting 100 point game in 1962. In that game he shot 32 free throws sinking 28 of them (this is still a NBA record). What few people remember about those free throws was that fact that he shot them “granny style.” In other words, his arms would hang down by his knees and he would flick the ball
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Categories: Markets and Strategy.

Market Commentary: What the NFL Draft Can Teach Investors

In this month’s market commentary we’re going to look at the markets’ June performance, take a look at some specific sectors and how they are doing as well as how we are weighted across different sectors. Then we have a special lesson that we as investors can learn from the NFL draft highlighted by the insightful Malcolm Gladwell and his Revisionist History podcast. Hope you enjoy.
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Categories: Markets.
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