Buyback Barometer

Originally published on Zion Research Group Deep inside of a parallel universeIt’s getting harder and harder to tell what came first       – Red Hot Chili Peppers, Parallel Universe Stock buybacks have Read More

Sequence Risk

First Published on the klement on Investing In the area of personal finance, an important concept that many investors ignore at their own peril is sequence risk. In essence, sequence risk Read More

O’Reilly Automotive

First appeared in Wedgewood Partners’ 3Q 2023 Client Letter The aftermarket auto parts industry is a retailer’s dream.  Such dreams include:  market share take opportunities for better operators in a Read More

Guardians of the Rich

Inside Morgan Stanley’s Wealth Management Business First Published on Net Interest There are around 22.7 million dollar millionaires in America. In aggregate, they sit on almost $100 trillion of wealth. Read More

Fed Up

October 2023 Wedgewood Partners  The high-stakes poker game called “Fed watching” took an unexpected turn in mid- September. After crashing California regional banks through the windshield back in March, the Read More