Category Archives: Markets Views & Analysis

The Quality of Earnings Growth Globally Remains Weak

Over the past decade, outside of a handful of large technology companies, earnings per share (EPS) growth has, in part, been a function of financial engineering (by way of share buybacks). All this is made possible by low interest rates. As governments continue to pile

Why The Quality Factor Should Be In Your Portfolio

The quality investment factor is shinning in the past few years. These are companies that are good corporate stewards of their balance sheets, throw off lots of free cash low, have much more stable earnings than most, and do not use excessive leverage (as much

What’s the “Real” Deal on the Gold Rally

With gold making all-time highs, I thought I would update some of my thinking for followers. Asset (commodity) prices move based on the fundamentals of supply and demand distorted by periods of the manic speculation of fear and greed. The rationale for the investment (buy,