Core Equity Portfolio Update: 15-May-2020

With the enormous price volatility experienced in the stock market over the past several months, we made several changes to the core equity portfolio.  Before we review some of these changes, we believe that a simple investment framework will help understand our logic, beginning with Benjamin Graham’s definition of investing: “An investment operation is one … Read more

The Walt Disney Company (DIS)

The Walt Disney Company is a diversified international family entertainment and media enterprise. The Walt Disney was founded by Walter Elias Disney in 1923 and is headquartered in Burbank, California. Investment Thesis Last week, the market capitalization of Netflix surpassed The Walt Disney Company. Either Netflix is overvalued, Disney is undervalued or both. Although we … Read more