Category Archives: Commentary

Dark Pools and High Frequency Trading

I have yet to receive my copy of Flash Boys – clock is ticking, Amazon! – but my expectations are high. I believe Michael Lewis is one of the best writers of our day, full stop. Should the book not … read more…

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Thoughts from a Recent Trip to Turkey

By Retz Reeves, CFA June 12th we boarded the first of several planes that would carry us to Istanbul, Turkey. “Istanbul! Are you crazy?” my friends decried. “Citizens are protesting, activists are occupying Taksim Square, police are spraying tear gas!” … read more…

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Markel on Profitability

Here’s my favorite bit from the 2012 Markel letter to shareholders, which you can find here. The best and most durable businesses in the world are ones that serve their customers well. Profitability is a marker that says a business … read more…

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