• Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful.

    Warren Buffet

Capital Market Review

Iron Capital’s quarterly review of capital markets performance and updated market forecast.


  • Capital Market Review
  • First Quarter 2017
  • Iron Capital Advisors

First Quarter 2017

We have a new administration who has promised to take us in a new direction. The outline of which most investors have pronounced positive, with their actions if not otherwise. But, ultimately it is about what actually happens and not just promises.


  • Capital Market Review
  • Fourth Quarter 2016
  • Iron Capital Advisors

Fourth Quarter 2016

President Trump. It is hard to argue that there was a bigger story in the fourth quarter of 2016 than the election of Donald Trump as the President of the United States. To be honest I wish there was, but as they say, “it is what it is.”


  • Capital Market Review
  • Third Quarter 2016
  • Iron Capital Advisors

Third Quarter 2016

It is often easy to know what is going to happen in the market. It is hard to know when it is going to happen. We have been harping on the uneven distribution of returns in the market for what seems like forever. The short‐term traders’ fixation on central banks and record low interest rates has driven the so […]


  • Capital Market Review
  • Second Quarter 2016
  • Iron Capital Advisors

Second Quarter 2016

If one were to look up the law of diminishing returns he would see something boring like an explanation about why incremental productivity gains of adding an employee get smaller with every employee added. Central bankers have not, however, seemed to learn the law of diminishing returns.


  • Capital Market Review
  • First Quarter 2016
  • Iron Capital Advisors

First Quarter 2016

From an investors point of view there is no greater force in the universe than reversion to the mean. The spread must shrink. Growth has been in favor for a long time but it may be getting close to a time where Value will once again be in vogue.

  • We have a new administration who has promised to take us in a new direction. The outline of which most investors have pronounced positive, with their actions if not otherwise. But, ultimately it is about what actually happens and not just promises.

    ~First Quarter 2017

  • President Trump. It is hard to argue that there was a bigger story in the fourth quarter of 2016 than the election of Donald Trump as the President of the United States. To be honest I wish there was, but as they say, “it is what it is.”

    ~Fourth Quarter 2016

  • It is often easy to know what is going to happen in the market. It is hard to know when it is going to happen. We have been harping on the uneven distribution of returns in the market for what seems like forever. The short‐term traders’ fixation on central banks and record low interest rates has driven the so called FANG stocks and the dividend paying stocks to what seem like outrageos heights. However they have ignored the rest of the market.

    ~Third Quarter 2016

  • If one were to look up the law of diminishing returns he would see something boring like an explanation about why incremental productivity gains of adding an employee get smaller with every employee added. Central bankers have not, however, seemed to learn the law of diminishing returns.

    ~Second Quarter 2016

  • From an investors point of view there is no greater force in the universe than reversion to the mean. The spread must shrink. Growth has been in favor for a long time but it may be getting close to a time where Value will once again be in vogue.

    ~First Quarter 2016