(Au)our Insights

If you follow us on LinkedIn, you will notice our desire to improve our vocabulary through the launch of the Auour Word of the Day (AWOTD). Within this note, you will see demonstrations of our fresh learnings. As with our last note, however, we are...Read More

Summer has officially begun. Humidity is rising on the East Coast. The Pacific Northwest is hitting temps we have never seen before. Sunburns are fading into tans. With summer hitting its stride, then, we will keep this note short… We love what Mark Twain said...Read More

“Everyone wants to live at the expense of the state. They forget that the state wants to live at the expense of everyone.” —Frédéric Bastiat Not a day goes by without an article discussing inflation. And since that is the topic of this article, today...Read More

In the early 1980’s, Dave Davies, of the English rock band the Kinks, wrote the song, “Living on a Thin Line.” He was writing about England as the last century waned, but it resonates today with our current economic situation. Economic life sits on a...Read More

“One generation passeth away, and another generation cometh: but the earth abideth for ever.” – Ecclesiastes 1:4 Note: We have been consistently concerned about very high valuations in the global investing markets as well as a growing set of participants whose investment patterns are gambling-like....Read More

It has always puzzled us when relatively recent history repeats itself, especially since we have the ability to study and apply lessons from the past and alter our behavior. Nevertheless, we feel we are reliving 1999 and 2000 today, with the current dramatic rise in...Read More

“In the short run, the market is a voting machine but in the long run, it is a weighing machine.” Benjamin Graham (father of value investing) This is not a time for relatives. Don’t worry, Mom, we aren’t referring to family. We mean that justifying...Read More

“…the most dramatic thing that’s almost ever happened in the entire world history of finance.” – Charlie Munger when discussing the current stock market environment. There is a saying in the investment world, “You might know when you are in an investment bubble but still...Read More

“Creating a relatable narrative means digging deep, asking hard questions and potentially airing some uncomfortable truths.” ― Tobin Trevarthen To understate the obvious, we are in confusing times. One day, we are elated that a vaccine might be approved and distributed. Another day, we rue the escalating...Read More

“The real hero is always a hero by mistake; he dreams of being an honest coward like everybody else.” —Umberto Eco False Heroes Just a note: We have been quiet for the past two months not because we lacked things to say but because we...Read More