Summer Reading

Now that Hurricane Florence has swept away the last remnants of the season, I wanted to share my summer reading with you. For context, it should be noted that I’m a big reader.  Whether it’s reading a few chapters before falling asleep or listening to an audiobook during my morning commute, I typically touch a few different books every day.  And it’s not unusual for me to be in the midst of reading up to three books at a time.  My wife frequently complains about my Amazon book-buying habits and the fact that our apartment “simply cannot hold any more books” (note: this was about 30 books ago).  While it’s true that our little Durham apartment is starting to burst at the seams, I wholeheartedly believe in the importance of reading and continuous learning. … More Summer Reading

The King of Capital

On April 4, 2018, Steve Schwarzman, CEO and Co-Founder of Blackstone, visited Durham and met with a small group of Duke students. In a room comprised of Duke Law, Fuqua MBA, and Trinity College students, Steve hosted a wide-ranging conversation to discuss all things life, career, politics, and Blackstone. … More The King of Capital

The Case for Tegna (NYSE:TGNA)

Television broadcasting is not a sexy industry.  In an era that is increasingly focused on digital media, cord-cutting, and over-the-top (OTT) content, many people no longer value the importance of local television broadcasting. It is not surprising then, that broadcasters have suffered from falling stock prices.  Tegna is certainly no exception – so why am I so bullish? … More The Case for Tegna (NYSE:TGNA)

Update: Portfolio Performance (since November 25, 2016)

Quick stock performance update – hypothetically speaking, if you had invested in all of the tech companies that I mentioned in the Trump Bump post on November 25, you would have realized a 7.34% aggregate return.  For reference, the S&P 500 gained 2.96% over the same time period.  So, in other words, your portfolio would’ve … More Update: Portfolio Performance (since November 25, 2016)

Subprime Auto Lending: A Case Study in Market Bubbles & Cyclicality

Right now, the consumer auto loan industry is soaring. As the bull market continues to charge forward, auto lenders are having a field day helping Americans finance their car payments. However, amidst the record growth in this one trillion dollar industry, something big is happening: subprime auto loan delinquencies are beginning to escalate. Sound familiar? Another bubble is starting to burst. … More Subprime Auto Lending: A Case Study in Market Bubbles & Cyclicality