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.

Tesla and the One Trillion Dollar Mystery

March 1, 2020

Is Tesla really worth what it’s trading for in the stock market? Can it ever grow big enough to justify its lofty valuation?  

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It’s Good to Be the CEO

November 1, 2019

CEO pay is a perennial sore spot for shareholders. Sometimes, though, it can go from bad to egregious.  

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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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CEO Compensation is Off the Charts

April 1, 2018

New regulations increase transparency into executive compensation. Will it change behavior?  

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It Only Takes Five Minutes to Ruin Your Reputation

March 1, 2017

Chipotle Mexican Grill has recently been struggling. Can it recover and hit its stride once again?  

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Even the Great Can Make Yuuuge Mistakes

June 1, 2016

It’s always possible for an investor to make portfolio-destroying decisions, even for the legends of the game.  

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Buybacks Galore

December 1, 2015

Companies buying their own stock is all the rage right now. Should investors be excited about?  

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The Tortoise and The Hare, Revisited

October 1, 2015

How a slow-growing stalwart company can produce higher investment returns than a high-growth tech upstart.  

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Should You Add Some Gluten to Your Portfolio

August 1, 2014

Comparing the investment merits of two public fast-food chains.  

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