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1Q 2018 Quarterly Letter – Higher Volatility Provides Opportunity

Despite politician shenanigans, we are optimistic about our investment portfolios.  President Trump’s imposed steel tariffs concerned investors that a he may instigate a bigger trade war with China. While we are inclined to view his actions as more bark than bite, we are comforted by the fact that we own mostly smaller domestic companies as […]Read More…


4Q 2017 Quarterly Letter – America’s Greatest Export

2017 was an extraordinary year in the financial markets. For the first time on record, the S&P 500 Index delivered a positive gain in every month of the year. The S&P 500 and Russell 2000 indices finished the year up 22% and 13% respectively, while also experiencing the lowest level of volatility in history with […]Read More…


Remembering Joey – Fox 2 News Covers 7th Annual Joey Eidelman Memorial Blood Drive

Watch Story: Couple turns the loss of a child into the gift of life for others ST. LOUIS -A local couple has turned the loss of their child into an annual, life-saving event.  Joey Eidelman passed away in 2011. “He passed away unexpectedly during a nap when he was a 15 ½ months,” said Tom Eidelman, […]Read More…


3Q 2017 Quarterly Letter – Low Interest Rates Drive Stocks Higher

The S&P 500 and Russell 2000 Indices made new highs in the third quarter, gaining roughly 4.5% and 5.7% respectively.  The gains were widely attributed to renewed optimism regarding tax reform.  According to Ned Davis Research, the proposed change to a 20% corporate tax rate would lead to a 7.2% jump in after-tax earnings on […]Read More…


2Q 2017 Quarterly Letter – The Passive Problem & Our Active Solution

The S&P 500 and Russell 2000 Indices continued their ascent, gaining roughly 9.3% and 5.0% respectively through the first half of the year. Despite larger “growth” oriented stocks being the star performers (+14% vs. smaller “value” stocks +0.5%), our portfolios performed well. We benefited from continued appreciation in community bank stocks as well as mostly […]Read More…


1Q 2017 Quarterly Letter – The Trump Rally Continues

The S&P 500 and Russell 2000 Indices gained 6.1% and 2.5% respectively in the first quarter of 2017, continuing the upward momentum from last year.  Though President Trump’s flurry of executive orders, Congress’s failure to repeal and replace Obamacare, the Fed’s third interest rate hike, and the recent U.S. military strike in Syria caused uncertainty […]Read More…


4Q 2016 Quarterly Letter – Year-End Update and New Investment Ideas

After one of the worst starts in history, the S&P 500 rallied to end the year up 11.9% in 2016.  Stocks jumped after the election on the expectation that President-elect Donald Trump will quickly enact a growth-oriented economic agenda, including tax cuts, regulatory relief, and economic stimulus.  Some investors believe these policies will result in […]Read More…


2Q 2016 Quarterly Letter – Brexit Opportunities

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3Q 2015 Quarterly Letter – Still Positive on Banks, but Cautious on Oil

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2Q 2015 Quarterly Letter – Buyouts and an Update on Themes

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3Q 2014 Quarterly Letter – The “Dream Team” Portfolio

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2Q 2014 Quarterly Letter – Market Momentum Remains Strong

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1Q 2014 Quarterly Letter – Quarterly Update

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4Q 2013 Quarterly Letter – What I’ve Learned from John Virant

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3Q 2013 Quarterly Letter – Incentives Matter…A Lot

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1Q 2013 Quarterly Letter – Optimal Diversification

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4Q 2012 Quarterly Letter – Reverse Tax Selling

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3Q 2012 Quarterly Letter – High-Quality Stock Shortage?

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2Q 2012 Quarterly Letter – A Gold Mine

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CFA Society of St. Louis Interview with David Eidelman

David Eidelman Interview – CFA Society of St. LouisRead More…


1Q 2012 Quarterly Letter – I Love Dividends, but Watch Out

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4Q 2011 Quarterly Letter – The Case for Bank Stocks

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3Q 2011 Quarterly Letter – Stocks for the Long Run

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4Q 2010 Quarterly Letter – Stan the Man & Community Bank Investing

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3Q 2010 Quarterly Letter – Top 5 Reasons to Buy Stocks Now

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2Q 2010 Quarterly Letter – A Contrarian’s Dream

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1Q 2010 Quarterly Letter – Benjamin Graham in Japan

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4Q 2009 Quarterly Letter – Inflation vs Deflation

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3Q 2009 Quarterly Letter – The Case for Quality

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Endgame? – Value Investor Insight interview with Tom Eidelman on GameStop (GME)

Tom Eidelman Interview – Value Investor InsightRead More…


2Q 2009 Quarterly Letter – GMAC Bonds: Safer than Treasuries?

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1Q 2009 Quarterly Letter – The Return of Benjamin Graham

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One-Day Wonders – Tom Eidelman featured in Barron’s regarding leveraged ETFs

One Day Wonders – Barron’s ArticleRead More…


4Q 2008 Quarterly Letter – The November Green Light / Year-Ender Strategy

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1Q 2008 Quarterly Letter – Optimism Amidst Pessimism

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