The Irreverent Economist

When Words Fail, Listen

A single word is one too many in the presence of genius Beethoven’s Ode to Joy Ravel’s Bolero    ... Read More

Posted in Blog Posts |

Paladin’s Valor Added Campaign

In a missive to clients on March 19th, I suggested that one positive result of the coronavirus—which is much more than a silver lining—is that we will begin to fix the things that are broken in ou... Read More

Posted in Blog Posts |

Corruption in the Time of Coronavirus

Now even the fig leaf is gone.  On March 23rd the Fed announced its largest-ever intervention in the financial markets.  Bazooka is too timid a word to describe it.  More like a neutron bomb.  ... Read More

Posted in Blog Posts |

Love in the Time of Coronavirus – Part III

Over the past two months we've been keeping our ears to the ground, following the work of virologists, epidemiologists and public health experts.  At long last, I think we are seeing the first signs ... Read More

Posted in Blog Posts |

Love in the Time of Coronavirus – Part II

Paladin client portfolios were defensively positioned going into this market downturn, with relatively low equity exposures and a variety of portfolio hedges in place.  Even so, the volatility of mar... Read More

Posted in Blog Posts |

Love in the Time of Coronavirus – Part I

We have been closely monitoring developments related to the coronavirus since late January, and concluded several weeks ago that it poses a potentially significant risk to human life, global supply ch... Read More

Posted in Blog Posts |

Paladin Favorites

If a journey of a thousand miles begins with a single book, the Paladin team has traveled a long way to get to where we are. Here are some of our all-time favorites, in no particular order. Happy r... Read More

Posted in Blog Posts, What We Are Reading |

What We Are Reading

A journey of a thousand miles begins with a single book. Here you can find a sampling of the many sources on which we rely to learn about our ever-changing world. Our scope is broad and our interests ... Read More

Posted in Blog Posts, What We Are Reading |

Is There Value in Value Investing?

Historically, investors have been well-served by tilting their portfolios toward inexpensive stocks, which offer a low price relative to anticipated future cash flows.  Small companies have also tend... Read More

Posted in Blog Posts |

The Fed’s Failure

The US economy is slowing, as corporations and consumers confront the blowback from intensifying trade conflict, which has triggered a global manufacturing recession.  Until recently, weakness was co... Read More

Posted in Blog Posts |