Inkwell’s primary focus is on achieving satisfactory investment results for its clients. While we are busy with that, though, we want to engage you in the process by telling you our thoughts as we go about our business. We believe that the more you understand our investment philosophy and our way of thinking, the more comfortable you will be with our investment decisions.

Each quarter we write a letter to our clients which contains our reading of the current market climate and our thoughts on how best to navigate it. We also write occasional memos on topics that catch our eye or that we think might be interesting to our clients.

Below is a collection of these publications.

When to Take Social Security

August 1, 2019

The amount you receive in Social Security benefits depends on several factors. Here is a map to help you navigate the way.  

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Investing Lessons from a Jeopardy! Champ

July 1, 2019

James Holzhauer has made Jeopardy! history this year. His record-breaking run also provides an object lesson for us investors.  

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Mr. Market Is a Crazy Man

May 1, 2019

How is it that Starbucks’ number of stores is up 5%, its revenues are up 6%, and yet its stock is up 64% over the past year?  

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The Other College Acceptance Scandal

April 1, 2019

Recent news stories have broken about how some wealthy parents have essentially bribed their kids’ way into college. This article is about the scandal the rest of us face: how to afford it once our kids are accepted.  

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Capitalism Does Not Exist in the U.S.

February 1, 2019

For decades, Warren Buffett declined to buy any railroad or airline stocks, yet now he owns a railroad and significant stakes in all the major U.S. airlines. Why has he recently reversed course? One word: oligopoly.  

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Capitalism Without Capital

December 1, 2018

How is it possible for a company like Microsoft to hold only $36 billion of assets, yet have a market cap of nearly $1 trillion?  

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From Railroads to Apple and Amazon

October 1, 2018

Apple is now worth over $1 trillion. We look back at former stock market pioneers and find some commonalities.  

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Thinking of Taking a Loan from Your 401(k) Plan? Just Don’t Do It

September 1, 2018

There are several different ways that taking a loan from your retirement account can come back to bite you.  

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Avoiding Mistakes by Studying Mistakes

August 1, 2018

Even the greatest investors make mistakes. Here are a few classics to learn from.  

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