Market Intelligence

O. Mason Hawkins, Chairman, and G. Staley Cates,  President, Southeastern Asset Management [caption id="attachment_1171" align="alignright" width="94"] O. Mason Hawkins[/caption] “The second quarter serves as a microcosm of the much broader and longer lasting safety bubble that began inflating in the 2008 bear market. Whether measured by net...

John P. Calamos – Chairman, CEO & Co-CIO, Calamos Investments “As we have written in the past, we are not coming out of a normal recession, and we don’t anticipate a normal recovery track.  As we consider the current environment, we expect that markets will continue...

Stocks leapt out of the starting gate, posting what most would agree was a strong annual return in just one quarter.  Globally, stocks rose 11.3%, whileU.S.stocks, as measured by the S&P 500 Index, rose 12.6%.  Mid-caps, Small-caps, REITs and Developing Markets stocks performed even better,...

Ronald Baron – Founder, CEO & Chief Investment Officer, Baron Funds “What is it they do that is difficult for others to duplicate?  That is a question I always ask about businesses before we invest.  We believe it is not possible for a provider of...

Managers of the Tweedy, Browne Global Value Fund  “There seems to be a pervasive sense of gloom, relentless media coverage of the problems, and suggestions of new problems to come. In a disheartening way, it is somewhat reminiscent of the famous 1979 Business Week article on...

Managers of the Selected American Fund, Davis Advisors “Based on the strength, growth prospects and valuations of the particular companies we own, we are especially bullish about the outlook for our Portfolio. In our view, the gap between the growing value of the companies we own and their current...

The capricious nature of today’s financial markets might lead one to wonder what the world is coming to. Recently, Standard and Poor’s downgraded the United States sovereign credit rating from AAA to AA+. All things being equal, one could assume that interest rates would rise. Ah, but...