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We have discussed many times over the last decade or so how the market's reactions to scary headlines and prognostications of gloom can be described as a "hissy fit". You know, it's like the reaction of the spoiled child who is told they can't have any more candy: stomp out of the room in a huff and whine and complain for hours...
Thursday, November 29, 2018
The Fixation on the Fed
Regardless of what the Chairman of the US Federal Reserve said yesterday, including his "two words", the bigger issue is the extent to which the financial punditry continues to be so enthralled in the analysis of every word that comes out of the Federal Reserve, as if the Fed were the primary harbinger of growth in the economy.
This...
Wednesday, October 10, 2018
The Correction Begins
In our recent Investment Climate, we warned that a correction (maybe sizable) was inevitable. It appears, at least in the prices for high technology and most "growth" companies, that the correction is here.
Frankly, while it is never fun to watch our portfolios drop in value, we have always said that it is a healthy byproduct of a functioning...
Monday, October 08, 2018
Investment Climate Oct 2018 - Focus on the Business
We continued to see significant and broad-based gains in our growth strategies over the last quarter and have significantly surpassed the returns of the overall market averages, which have had pretty nice runs themselves. Given this increase in company values, and the length of this post-2008/2009 crisis rally, many are asking us what to expect...
Wednesday, October 03, 2018
Have you heard of this company? KRNT
We have written many times over the years about the investment philosophy that forms the foundation for our growth investment strategies, a time-tested philosophy descended from the approach developed by Thomas Rowe Price, Jr. (1898 - 1983) and pursued profitably by him for several decades.
It is a philosophy based not...
Tuesday, July 17, 2018
Investment Climate July 2018: The Nonsensical Capital Gains Tax
Investors in Taylor Frigon Capital Management’s growth investment strategies enjoyed the best quarterly performance they have had in the last few years. All portfolios ended the quarter with YTD performance that was well in excess of the general market, and the performance was broad-based, across a number of industries and sectors. ...
Monday, July 02, 2018
Have you heard of this company? Carvana (CVNA)
image: Carvana website (link).
From time to time, we highlight specific companies which we believe fit the profile of a classic Taylor Frigon growth company. These are companies which meet specific criteria which indicate that they are well-run businesses operating in fertile fields for future growth, as discussed in previous...
Thursday, June 14, 2018
What Would Happen If We Were All Passive Investors?
Gerry Frigon, CIO of Taylor Frigon Capital Management, wrote this article which was recently featured in Forbes, "What Would Happen If We Were All Passive Investors?". It discusses how "...the perception that ETFs are safe, liquid, inexpensive and easy for the average investor to own is a dangerous trend that could have unforeseen consequences...
Tuesday, April 03, 2018
Have you heard of this company? Cryoport (CYRX)
Cryoport is a logistics company specializing in solutions for the life sciences industry. The company provides a complete range of solutions for the unique needs of the nascent regenerative medicine field, including CAR-T therapy (discussed below). Cryoport currently has a market capitalization of $225 million...
Wednesday, February 07, 2018
What Will The "Wizards of Wall Street" Think Up Next?
image credit: ZeroHedge.
Well, that was fun!
The largest point drop in the Dow Jones Industrial Average (DJIA) in history on Monday February 5, 2018. Of course, the financial news media had a ball reporting on this historic day, regardless of the fact that when prices go higher, the impact of a higher...
Thursday, February 01, 2018
Active vs. Passive Redux
As investment managers who have espoused the value of actively managing a portfolio to try to beat average market returns, we have consistently brought investors' attention to those arguments in favor of such an approach. We are particularly attentive when we see others making the arguments for us. We have referenced the topic in...
