Author Archives: Chris Karcher

A Happy Anniversary

10-16-17 Ten years ago today the first Investnotes was sent by email to a handful of family and friends. In 2010 my good friend Rob Simons gave me a WordPress blog site, set-up and ready to go, as a birthday … Continue reading

Posted in Investment | 6 Comments

The Jazz of Investing

Frankly, it’s a fool’s errand to try and decide when is a good time to buy or sell equities based on movements in the stock market. Yes, valuations appear stretched and the recent, relentless upward trend in most market indexes would … Continue reading

Posted in Investment | 1 Comment

Sake and CRSP

The question came from a good friend in the asset management business over a cup of sake. Talking about a presentation to his firm from Blackrock, one of the biggest ETF/Mutual fund companies in the world, he had been surprised … Continue reading

Posted in Investment | Leave a comment

The numbers say that it is so

For the last few months there has been lots of talk about the size of equity markets – specifically the dramatic drop in the number of publicly traded companies. The always interesting Jason Zweig wrote a series of articles on this … Continue reading

Posted in Investment | 3 Comments

Berkshire versus Blackstone

A lot of pixels have been lit up here at Invest-Notes discussing Warren Buffett, Charlie Munger and their amazing enterprise, Berkshire Hathaway (BRK.A and BRK.B).  While the B-shares have been added over time to most of the portfolios I manage since their … Continue reading

Posted in Investment | Leave a comment

Cigarettes and soda pop

Serendipity is a beautiful thing. The recent sell-off in the technology sector made for a perfect demonstration of why seemingly arcane subjects like the capitalization weighting of stocks within exchange traded funds matters. There have been a couple of days … Continue reading

Posted in Investment | 2 Comments

Hitting the reset button

Apologies for the delay in delivering this post. Frankly, I’ve been struggling a bit with what to do about Invest-Notes. Not for the first time my enthusiasm around writing articles has waned. And if I’m not excited about what’s being … Continue reading

Posted in Investment | Leave a comment

Through a glass, darkly

Recently accused of seeing the glass half-empty instead of half-full, I replied that the analogy was not a good one for the issue at hand. I couldn’t even find the glass being discussed and so really had no insight as … Continue reading

Posted in Investment | 1 Comment

Heaven is not the day after tomorrow

During a recent conversation with fellow board members of a not-for-profit organization the topic of “unrealized” gains came up while reviewing financial statements. In discussing how this number (a big unrealized gain in 2016) was mostly irrelevant to our operating … Continue reading

Posted in Investment | 1 Comment

Don’t kid yourself

A note arrived from a long time Invest-Notes reader claiming bragging rights for having an IRA that did much better than the S&P 500 in 2016. His plan, he explained, was to begin spending more time “managing” his investments since … Continue reading

Posted in Investment | 1 Comment