– Notable: S&P 500 members’ share repurchases, Lumber prices, Champagne sales
– Company Highlights: Madison Square Garden Sports, Apple, Nike, Visa
– On Our Minds: What Bugs Us About Gold Bugs

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– Notable: Average rate for a 30-year mortgage; Almond prices
– Company Highlights: Johnson & Johnson, Madison Square Garden Sports, Novartis, Alphabet (Google), Home Depot, and Amazon
– On Our Minds: Sears Holdings

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In this newsletter edition we cover the following:
– When the New Normal Becomes Just Normal
– Why a Stock’s Price Does Not Reflect its Value
– Drug Development: A Long, Costly Process
– Real Estate in the time of Coronavirus
– The SECURE Act
– Over the Hill, On the Horizon

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In this newsletter edition we cover the following:
– Three Demographic Trends in the US
– Developing Technologies from LBA Companies
– The Importance of Predictability in Cash Flows
– Boeing: The Consequences of Cost-Cutting
– The Death of US Retail?
– A Funny Thing Happened on the Way to the Fixed Income Shoppe

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In this newsletter edition we cover the following:
– Buffet Abandons Book Value
– China’s Index Manipulation
– A Comparison of Price-to-Earnings: Emerging Markets vs. United States
– Big Tech, Fat Wallets: A Look at Microsoft, Apple, and Alphabet
– Five Reasons Why LBA Doesn’t Buy (or Chooses to Sell) a Stock
– The LBA Rules For Fixed Income

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In this newsletter edition we cover the following:
– A Dose of Opimism
– Innovation and Productivity: Collaborators or Independents?
– Municipal Bonds: A New Strategy for State Defaults
– Cable and Satellite TV: The End of an Era?
– Leading CPGs Face Industry Upheaval
– Where Does LBA Get Its Ideas?

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In this newsletter edition we cover the following:
– Debt, Financial Products, and Speculation
– A Timeline of Bubbles & Crises
– Notable Leadership
– Recent Changes To Tax Code
– Assessing a Charity
– What Our Clients Are Reading

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