Our Fastest 200% Gain Ever

The bulls continue to run. They’ve been prodded into a stampede by the effects of dirt-cheap (even free!) money. The real yield on the 10-year Treasury remains negative (below -0.6%). It means our current thesis remains in play… and is treating us very well. The only thing in our portfolio that’s not quickly rising in … Continued

Proof That Inflation Is Already Here

The surge in inflation is real. A note from a friend this morning shows what it looks like. He’s a bigwig in the real estate industry. Things are nuts, he said. “We are still seeing multiple offers and in many cases not just two offers… Seeing five and 10 offers is not uncommon – offers … Continued