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CONSERVATIVE ARROGANCE IN A BULL MARKET

In browsing through the noise with a focus on discovering the rare signal...

CLIENT LETTER: MARKET OUTLOOK

What follows is a section from the “Thoughts & Analysis” portion of...

HIGHLIGHTS FROM IMPAC MORTGAGE CONFERENCE CALL & EARNINGS

For those looking for background on our investment in IMH, please see the...

KFS IS BRILLIANCE UNDISCOVERED

There is no magic in the formula KFS is utilizing to turn what was once a...

THEY DON’T RING BELLS AT MARKET TOPS

I’m not certain if the sell-off we experienced on Friday was the...

THE PATH TO DISCOVERY OF NEW OPPORTUNITIES

The Roth Conference in Laguna Niguel kicks off this weekend. I rarely attend...