September 2024 Client Letter

I became more familiar with physicist Richard Feynman after my dad wrote about him in the July 2003 issue of Richard C. Young’s Intelligence Report. My dad’s interest in Chaos Theory led him to James Gleick’s national bestseller, Genius, a book about the life and science of Feynman.

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August 2024 Client Letter

Occasionally, I get anxious before travel. A few of my trips have coincided with some unfortunate crises. In March, several years back, we took a family ski vacation. We’re from Florida and don’t really ski, so heading to Utah was a big deal…

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July 2024 Client Letter

In a recent investor presentation given by Kinder Morgan, the company described its network of natural gas and refined product pipelines and terminals as “irreplaceable infrastructure.” That’s a theme that you’ll find holds true for a number of the companies owned in your account…

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April 2024 Client Letter

The Rolling Stones will tour again this summer. This is not breaking news. It’s been six decades since their first U.S. tour. The Stones always seem to be on the road. What is a little surprising, however, is what Mick Jagger is doing at his age.

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August 2023 Client Letter

In March, I wrote about the arithmetic of portfolio losses. With the more speculative indices, such as the Nasdaq 100, delivering impressive returns so far in 2023, it is worth revisiting this concept.

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