Tips by Andrew Pilara

Our “trifecta” is to identify companies with increasing returns, growing cash flows and an ability to reinvest profitably, which is what we see in...
Around 1982 it hit me that there were a lot of lousy stocks in my portfolio and I started wondering why. While it sounds like an obvious conclusion...
Today, we’d argue the disinflationary forces of the past 25 years are leveling and, if you look at any model of the cost of labor, the cost of...