Category : Newsletter

Bubbles, Focus Matters and Expanding Our Team – Entasis Newsletter 4Q17

Click Here for a PDF of the Newsletter Section Summary Expanding Our Team – On January 2, we added our first new team member since our firm was founded. Market Notes – A quick review of our global market drivers does not indicate much change on the horizon. Things broadly look positive. We are not, however, conditioned to blissfully ride the wave. We are wired to be cautious – particularly when it seems like all is well. Equity & Fixed Income Comments […]

Damaging Investor Behavior, Home Country Bias and Relative Value Analysis – Entasis Newsletter 3Q17

Click Here for a PDF of the Newsletter Section Summary Investor Behavior – Here is what we know from experience – being invested when the market corrects can be costly, BUT not being invested as the market surges can be just as damaging. Market Notes – Despite worries around rising tensions with North Korea and extreme weather disrupting many major southern cities and states, the underlying fundamentals signal the U.S. economy is healthy and on track for moderate growth. Equity and […]

Passive Investing Trends, DOL Legislation and The Role of a Fiduciary – Entasis Newsletter 2Q17

Click Here for a PDF of the Newsletter Section Summary Passive v Active Investing – Has the debate moved from a thoughtful discussion to fact? What are the risks of a one-sided discussion as passive flows dominate active? Are we in a passive bubble? Market Notes – Despite a considerable amount of political items filling the front pages and taking up time on television, market participants continued to weigh economic trends and corporate progress when voting their opinions. Over the long-term […]

Reform, Potential Negatives and Known Positives, The Stars – Entasis Newsletter 1Q17

Click Here for a PDF of the Newsletter Section Summary Reform – At the start of 2017, consumers and businesses were excited by the prospects for an aggressive, pro-growth fiscal agenda coming from Washington. Optimism was tempered by a mix of potential impediments to future growth expectations. Market Notes – The S&P 500® Index earnings growth rate for the first quarter is estimated to be +8.9%. If this growth rate materializes, it will be the highest year-over-year earnings growth for the […]

Buffett Wisdom, The Election, Portfolio Views and Behavioral Biases – Entasis Newsletter 4Q16

Click Here for a PDF of the Newsletter Section Summary Buffet Wisdom – “We have no idea – and never have had – whether the market is going to go up, down, or sideways in the near or intermediate-term future. What we do know, however, is that occasional outbreaks of those two super-contagious diseases, fear and greed, will forever occur in the investment community. The timing of these epidemics will be unpredictable. And the market aberrations produced by them will be […]

Market Notes, Portfolio Views, Seafarer and Fees – Newsletter 3Q16

Click Here for a PDF of the Newsletter Section Summary Market Performance – Too often the “market” is only discussed in the context of highly publicized indexes such as the S&P 500 Index. Portfolios and investment opportunities are influenced by a much broader set of circumstances. Use our return table for a better understanding of the how the “market” performed beyond the headlines. Market Notes – We do not draw conclusions every quarter. We are long-term investors. We use quarterly […]