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Insights & Commentary

Read Insights from our people or browse our quarterly economic and capital markets commentaries.

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2026
Fourth Quarter 2026

Rates on the Rise

“I used to think that if there was reincarnation, I wanted to come back as the president or the pope or as a .400 baseball hitter. But now I would like to come back as the bond market…

You can intimidate everybody.” – James Carville

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2026
Third Quarter 2026

Earnings, Not Feelings

“You’ve got all these feelings. The stock doesn’t know you own it. The stock just sits there; it doesn’t care what you paid or the fact that you own it. Any feeling I have about the market is not reciprocated. I mean, it is the ultimate cold shoulder we are talking about here.” – Warren Buffett

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2026
Second Quarter 2026

Wall of Worry

“More money is lost anticipating the changes in the overall stock market than any other way of investing.” – Peter Lynch, Legendary Investor

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2026
First Quarter 2026

AI

“At the root of all financial bubbles is a good idea carried to excess.” – Seth Klarman, Baupost Group

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