Disciplina 3Q24 Investor Letter
This quarter we discuss the evolution of China's property crisis and the challenges policy makers face correcting it.
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brian4567
Aug 81 min read
Disciplina 2Q24 Letter
This quarter we discuss why the labor market is stronger than many people think
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brian4567
Apr 290 min read
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brian4567
Feb 61 min read
Disciplina 4Q23 Letter
Our thoughts on the Fed, elections and impact on markets in 2024
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brian4567
Nov 2, 20231 min read
Disciplina 3Q23 Investor Letter
The demise of U.S. consumer has been greatly exaggerated. We look at drivers of consumer spending and a resilient economy.
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brian4567
Aug 11, 20231 min read
Disciplina 2Q23 Investor Letter
Returns in the first half of 2023 have been impressive, but the inflation battle is till not over.
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brian4567
May 9, 20231 min read
Disciplina 1Q23 Investor Letter
This quarter we discuss the recent turmoil in the banking sector and its affect on the Fed and markets
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brian4567
Feb 21, 20231 min read
Disciplina Quarterly Letter 4Q22
This quarter we discuss the challenges the "60/40" model faced in 2022 and benefits of our more diversified approach.
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brian4567
Nov 7, 20221 min read
Disciplina Quarterly Letter 3Q22
This quarter we discuss how far the Fed needs to hike before it reaches its "terminal" Fed Funds rate. We also highlight the effect of...
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brian4567
Aug 8, 20221 min read
Disciplina Quarterly Letter 2Q22
We take stock of where valuations are after a "horrible, no good, very bad" first half in the financial markets.
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brian4567
Apr 14, 20221 min read
Disciplina Quarterly Letter 1Q22
This quarter we discuss our concerns about the impact of pandemic related monetary and fiscal stimulus on inflation
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brian4567
Feb 1, 20221 min read
Disciplina 4Q21 Investor Letter
This quarter, we share our thoughts on inflation, the Federal Reserve’s exit strategy and key factors we believe will drive markets in...
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brian4567
Oct 14, 20211 min read
Disciplina Investor Letter 3Q21
This quarter we discuss post pandemic labor market trends and the implications for inflation and fixed income assets.
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brian4567
Jul 28, 20211 min read
Disciplina 2Q21 Quarterly Letter
This quarter we discuss the challenges on managing long term portfolios in a low rate environment and the challenges from increasing...
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brian4567
May 4, 20211 min read
Disciplina 1Q21 Quarterly Letter
We discuss the evolving inflation situation and what it means for long term portfolios
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Sunjin Kim
Jan 28, 20211 min read
December 2020 Quarterly Letter
This quarter we discuss the financial markets' incredible resiliency and look ahead to 2021. The seeds have been planted for a robust...
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Brant Smith
Dec 3, 20201 min read
September 2020 Quarterly Letter
We review the implications of a low interest rate environment and presidential elections. Also, how are 60/40 portfolios doing?...
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Sunjin Kim
Sep 20, 20201 min read
June 2020 Quarterly Letter
Global equity markets quickly recovered from their March lows, posting gains of over 19%. We take a look at what the second half...
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Sunjin Kim
Sep 11, 20201 min read
March 2020 Quarterly Letter
Markets repriced in 2019 following a weak 2018. We take a look at the prospects for 2020 given market valuations are now on higher ground.
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Sunjin Kim
Sep 11, 20201 min read
December 2019 Quarterly Letter
Markets repriced in 2019 following a weak 2018. We take a look at the prospects for 2020 given market valuations are now on higher ground.
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