Asset management is what we do — and this is How We Think.
Clowngrades: Welcome to Wall Street’s Three-Ring Circus
Wild mood swings, spontaneous applause, and a rotating cast of characters who swear their raw talent surpasses the others – are these hallmarks of a middle schoolers in a talent show or Wall Street analysts reporting about financial markets? Hard to know the difference sometimes.
A recent headline got me freshly fired up about this topic. It described how Microsoft was downgraded and Snap was upgraded by analysts.
Wondering what happened next? The same day the article came out, Snap promptly dropped more than 13% and hit a new multi-year low. You read that right.
In our view, it’s another example of how all of these are synonyms: upgrade, downgrade, and clowngrade.
Clowngrades: Welcome to Wall Street’s Three-Ring Circus
Hard to Argue with 220 Years of Data: The Case for Trend Following
February 9, 2026
A study of 220 years of global market data evaluated defensive investing strategies and found trend following consistently ranks among the most effective and reliable.
Market Predictions Make as Much Sense as ‘6-7’
January 7, 2026
If there’s one universal truth in investing, it’s this: nobody actually knows what’s going to happen next. That doesn’t stop Wall Street, the media, or your neighbor with the new day-trading setup from trying. In our view, it’s a whole lot of “6-7,” as the kids are saying these days.
The Science of Scale for Financial Advisors
December 8, 2025
What is the most expensive input that financial advisors must have to run a successful practice? We think it’s time, the most precious (and limited) commodity, as well as the great equalizer. A great book that has been recently sweeping through the team at Blueprint Investment Partners may also be helpful for financial advisors.



