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.

If All the Stocks On My Screen Are Red, How Can the Market Be Up?

August 1, 2015

The lion’s share of the stock market’s gains in 2015 have been driven by just a handful of companies.  

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The Importance of Eating Your Own Cooking

July 1, 2015

Investment managers who invest the same way as their clients tend to earn higher returns.  

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Is the Market Over-Valued? Part II

June 1, 2015

A closer look at Robert Shiller’s Cyclically Adjusted P/E (CAPE) valuation metric  

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Is the Market Over-Valued? Part I

May 1, 2015

A closer look at a market valuation tool known as the Buffett Indicator  

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Absolute Zero

March 1, 2015

Economic forecasters tend to have a virtually unblemished record of failure.  

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Are There Any Super Investors Today?

January 1, 2015

How ten current mutual funds stack up against the market.  

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Super Investors

December 1, 2014

Beating the market is possible, but might entail some short-term pain.  

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There’s Scary Money in the Candy Business

November 1, 2014

How to turn $60 million into $2 billion, or a case study of See’s Candies.  

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How Active Is Your Portfolio

September 1, 2014

If you want to beat the stock market, you have to be different.  

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