Posts by Bryan Taylor
Cornerstone 1st Quarter 2025 Commentary
The Not so Glorious Revolution The Revolution was made to preserve our ancient, indisputable laws and liberties, and that ancient constitution of government which is our only security for law and liberty. Edmund Burke (Between Revolutions: Re-apprraising the Restoration in Britian) Mr. Trump was inaugurated the 47th President of the United States on January 20,…
Read MoreTariff Tantrum
The fallout from “Liberation Day” has been anything but liberating! The Trump Administration managed to thoroughly upset global markets with the rollout of “reciprocal” tariffs. Following the initial release on April 2, markets began a sell-off which increased in intensity throughout the remainder of the week. Thursday, April 3, was the worst one-day decline in…
Read MoreCornerstone 4th Quarter 2024 Commentary
We all want progress. But progress means getting nearer to the place where you want to be. And if you have taken a wrong turning, then to go forward does not get you any nearer. If you are on the wrong road, progress means doing an about-turn and walking back to the right road; in…
Read MoreCornerstone 3rd Quarter 2024 Commentary
The triumph of “les autres”… When investment decisions need to be considered at the speed of light, something is seriously wrong Frank M Bifulco (Barron’s Letters to the Editor 5-24-2010, Stock Trader’s Almanac) The game is lost only when we stop trying Mario Cuomo (Former NY Governor, C-SPAN, Stock Trader’s Almanac) If more of us…
Read MoreCornerstone 2nd Quarter 2024 Commentary
A Hollowing Out… As for it being different this time it is different every time. The question is in what way, and to what extent Bob Farrell’s Rules for Investing: #3 There are no new eras – excesses are never permanent #7. Markets are strongest when they are broad and weakest when they narrow a…
Read MoreCornerstone 1st Quarter 2024 Market Commentary
“Bäume wachsen nicht in den Himmel.” – or “Trees don’t grow to the sky.” Lately it seems like they do! The first quarter of 2024 once again challenged growth stock skeptics like us as Big Tech raced higher, and, in some cases, Small Tech even became Big Tech as stocks like Super Micro Computer eclipsed…
Read MoreCornerstone 4th Quarter 2023 Commentary
“Give a serving to seven, and also to eight, for you do not know what evil will be on the earth.” — Ecclesiastes 11:2 “As I have repeatedly said, inflation is a form of taxation without representation.” – Milton Friedman “Lenin is said to have declared that the best way to destroy the capitalist system was…
Read MoreCornerstone 3rd Quarter 2023 Commentary
It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong. George Soros Following the surprisingly strong results of the first and second quarters of 2023, the third quarter proved to be quite the dismal refrain. Markets fell across the…
Read MoreCornerstone 2nd Quarter 2023 Commentary
“Life can only be understood backwards, but it must be lived forwards.” – Soren Kierkegaard “There are two kinds of people who lose money: those who know nothing and those who know everything.” – Henry Kaufman (German-American economist) to Robert Lenzner in Forbes 10-19-1998 who added, “With two Nobel Prize winners in the house, Long-Term…
Read MoreCornerstone 1st Quarter 2023 Commentary
I sincerely believe with you, that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale. – Thomas Jefferson (To John Taylor 1816) If everybody is thinking alike, then somebody isn’t thinking.…
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