The Sanctimony Factor

Over the years, a new factor has emerged when attempting to measure investment suitability, which has little to do with balance sheets, forecasts or indicators.  That factor can be generalized as the  "social responsibility" component.  We recall some of the original victims of socially correct investing which included tobacco and oil companies as well as … Continue reading The Sanctimony Factor

Healthcare Stealth Advance

We all know that the equity markets have been steadily climbing since the US elections last November.  There have been some dramatic pullbacks, but the unmistakable trend has been for higher prices.  As we know, markets are not monolithic and within the aggregate market moves, there have been winners and losers.  Energy has been the … Continue reading Healthcare Stealth Advance