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Investment Insights

Looking Ahead to 2020

After a big move up in the stock market, investors tend to get acrophobia. But the importance of market swings in both directions is usually exaggerated. There is no doubt that the path forward will be complicated, but we welcome the challenge.  


Patience Truly is a Virtue

2019 was one for the record books with numerous elixirs driving prices higher. However, continued declines in base interest rates and credit spreads led to investors paying higher prices for less return potential. We move forward cautiously focusing on the things we can control and prepared to prudently exercise patience.

LKQ Corporation (LKQ)

Research analyst Jon Baker discusses LKQ Corporation, the leading distributor of aftermarket vehicle collision parts in the U.S. and Canada, as well as the largest European distributor of replacement automotive mechanical parts.

Change is Inevitable, But Volatility Can Be Our Friend (3Q19)

The outlook for the year ahead is good, but the path could be a little bumpy. However, volatility presents opportunities for investor, and we welcome it.

Items May Have Shifted During Flight (3Q19)

The familiar phrase by flight attendants upon landing seems a fitting description of market turbulence during the third quarter. Despite a rocky third quarter both equity and fixed income markets delivered solid quarterly returns.

Asset TV Fixed Income Masterclass with Nolan Anderson

Throughout the program panelists provide their perspective on the global economic environment, current market volatility, and opportunities and challenges in the fixed income market.

Construction Aggregates and Cement

Research analyst Nathan Ritz reviews Vulcan Materials (VMC), Martin Marietta Materials (MLM), Eagle Materials (EXP) and Summit Materials (SUM). Each company has a durable and expanding competitive moat.

Don't Simply Withstand Adversity, Take Advantage of It (2Q19)

At the halfway mark in 2019, the U.S. stock market is sailing ahead happily. Yet there are plenty of reasons to be wary today—inflation and higher interest rates would not be good for stocks or bonds—but trying to sidestep trouble has not been particularly productive for investors. 

Markets Can Do Anything (2Q19)

"Markets can do anything", said Richard Russell, the founder of the Dow Theory Letters. This phrase when coupled with central bank largesse seems fitting given what transpired in the first half of 2019

CarMax, Inc. (KMX)

CarMax is the largest used-car retailer in the United States, with a growing network of over 200 locations across 100 television markets. CarMax has grown profitably over the decades by disassociating itself from the behaviors that earn used-car dealers their spotty reputations.

Asset TV Envestnet Advisor Summit 2019 w/ Brad Hinton

On site at the 2019 Envestnet Advisor Summit, Brad Hinton, Co-CIO and portfolio manager introduces Weitz, our investment philosophy and strategies.

The Fed: From "Boogie Man" to "Candy Man" (1Q19)

This year has certainly started off strong for equity and fixed income investors. It seems plausible that the first quarter’s robust returns have been partly borrowed from the future.

The World Is a Messy Place but Prospects Are Good (1Q19)

The first-quarter equity numbers would make for good annual returns, so we will not expect this pace to continue. But the year is off to a good start, and it would seem fair for shareholders to celebrate a little. However, as usual, we suggest investors focus on the long-term.

Change is the Constant (4Q18)

Placid environments invariably lead to more volatile and turbulent ones; although, timing is always unknown. The investment waters became decidedly more choppy last year, particularly in the fourth quarter, as the headline fears of the year coalesced to a tipping point. 

Market Declines Create Buying Opportunities (4Q18)

After a relatively uneventful first nine months, the U.S. stock market dropped sharply in the fourth quarter. We accept these temporary declines with equanimity and use the opportunity they provide to take action.

DXC Technology (DXC)

Created in 2017 from the merger of Computer Sciences Corporation and Hewlett Packard Enterprise Services, DXC is a pioneer in IT outsourcing services. We believe a new management team, significant costs savings and changes in business mix will yield positive results for shareholders.

Charter Communications (CHTR)

Amid a cable industry paradigm shift from pay-TV provider to entertainment operating system, Charter Communications – a leading broadband communications company and the second-largest cable operator in the U.S. – continues to offer a compelling, albeit complex, opportunity for investors.

Axalta Coating Systems (AXTA)

While a young public company (IPO in 2014), Axalta is over a century old, founded in 1866 as a division of DuPont. Today, under new management, Axalta has taken meaningful steps to improve the business. We believe there are multiple avenues Axalta can take to create shareholder value.
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