Quarterly Appraisal Letter December 31, 2022

19 January, 2023 by Mark O'Brien in Quarterly Letters
Disclosures * Past performance and yields are not indicative of current and future results. There is the possibility of loss of principal with any investment.  The views expressed are the views of O’Brien Greene & Co. authors as of the date of the date indicated and are subject to change at ... read more...

Quarterly Appraisal Letter September 30, 2022

20 October, 2022 by Mark O'Brien in Quarterly Letters
Disclosures: Past performance and yields are not indicative of current and future results. There is the possibility of loss of principal with any investment.  The views expressed are the views of O’Brien Greene & Co. authors as of the date of the date indicated and are subject to change at ... read more...

Quarterly Appraisal Letter June 30, 2022

26 July, 2022 by Mark O'Brien in Quarterly Letters
The worst start for stocks in decades; for U.S. Treasury bonds (the global fixed income benchmark), the worst since records have been kept.   The metrics are noteworthy for an additional reason discussed in earlier appraisal letters (see appraisal letters for December 31, 2021 and March 31, ... read more...

Quarterly Appraisal Letter March 31, 2022

22 April, 2022 by Mark O'Brien in Quarterly Letters
Russia attacks Ukraine, inflation at 40-year highs, global supply-chain disruptions, critical food, energy and material shortages, new Chinese COVID lockdowns, shifting military/diplomatic alliances: these developments grabbed headlines and roiled markets last quarter, as the above performance ... read more...

Quarterly Appraisal Letter December 31, 2021

24 January, 2022 by Mark O'Brien in Quarterly Letters
Among the investment themes discussed in our last appraisal letter (the letter sent to you and all clients on October 16[1]), one theme deserves continuing comment because of its profound significance for investors.  I am speaking of the policy of the Federal Reserve Board (The Fed) 2008 to the ... read more...