A Patient Prospector Archive

September 21, 2026

With the Dow Jones Industrial Average falling nearly 900 points (1.65% on a total return basis) and the Bloomberg 3000 Value index retreating 1.46% last week, we were reminded that […] Continue Reading...

September 14, 2026

It is hard to believe that 25 years have passed since your Editor turned down Fifth Avenue from 17th Street in Manhattan on what had been a beautiful Tuesday morning […] Continue Reading...

September 7, 2026

It has only been a week and Jeff Sommer, the usually pessimistic New York Times Sunday Columnist took Labor Day Weekend off, so we won’t know if his August 30th […] Continue Reading...

August 31, 2026

We may be past the “official” dog days of summer on the calendar, but it was a blah week for the equity markets with the average stock retreating modestly and […] Continue Reading...

August 24, 2026

Although the Bloomberg 3000 Value index last week added to its return advantage versus its Growth counterpart since Halloween,… …the red ink across the board, with many AI-Buildout stocks continuing […] Continue Reading...

August 17, 2026

It is easy to say that equities have been the place to be for long-term-oriented investors when the major market averages are trading at or just below all-time highs,… …especially […] Continue Reading...

August 10, 2026

While we can lament that the generals outperformed the soldiers as the capitalization-weighted S&P 500 index jumped 3.6% last week, versus a gain of only 2.4% for the S&P 500 […] Continue Reading...

August 3, 2026

An early selloff on Wednesday heading into the decision on interest rates gave way to a sharp (bit short-lived) rebound that day after Kevin Warsh & Co. left the target […] Continue Reading...

July 27, 2026

The two publications that arrive on my driveway each morning (The Wall Street Journal and The New York Times, which often differ on their places on the political spectrum) are […] Continue Reading...