Microblog from Tocqueville
Reflections on the Past as Prologue

Reflections on the Past as Prologue

by | Jan 3, 2018 | Insights, Microblog

At the beginning of a New Year there is a tendency, particularly among Wall Street prognosticators, to review the recent past and extrapolate its trends into the near future. At this time twelve months ago  many were projecting a continuation of slow but steady growth...
Be a Bear-Market Buyer

Be a Bear-Market Buyer

by | May 15, 2020 | Insights, Microblog

The stock market’s wild swings so far in 2020 have been enough to unnerve many experienced investors.  And while it’s extremely important to be mindful of near-term liquidity needs, we believe it’s essential to be a buyer in a bear market in order to build long-term,...
To The Power Of…

To The Power Of…

by | Dec 21, 2021 | Microblog, Insights

Elementary school math classes often begin with the core facets of arithmetic: addition, subtraction multiplication and division. Derivatives come later, in the middle school years: exponents, factorials and PEMDAS[1], show how big numbers can get, quickly. Coupling...
Dusting Off the Textbook

Dusting Off the Textbook

by | Dec 14, 2022 | Microblog

“Not since the 1970s…” This line has been a common reference used over the past ten months to discuss the current macroeconomic and financial market conditions. The fall from grace in growth stocks is similar to the collapse of the Nifty-Fifty during the disco era....
Regimes Change, Processes Don’t

Regimes Change, Processes Don’t

by | Jan 30, 2023 | Microblog, Insights

We hope that this finds you well and that 2023 is off to a productive and healthy start. Over the past six weeks we have caught up with colleagues, friends, family and trusted advisors, and have done a lot of reading. One piece that stands out to us is a memo by...