The U.s. Treasury Has Got Borrowing Costs

In A Bull Market, One Must Avoid The Error Of The Preening Duck That Quacks Boastfully After A Torrential Rainstorm, Thinking That Its Paddling Skills Have Caused It To Rise In The World. A Right-thinking Duck Would Instead Compare Its Position After The Downpour To That Of The Other Ducks On The Pond.

Our Favorite Holding Period Is Forever.

Confidence Is Key. You're Not Going To Put Your Money - You're Not Going To Leave Your Money With Me Unless You're Confident I'm Going To Give It Back To You.

Inactivity Strikes Us As Intelligent Behavior.

An Investor Should Act As Though He Had A Lifetime Decision Card With Just Twenty Punches On It.