As a reader of Wind in the Willows you will likely see the topic of ESG (Environmental, Social and Governance) investing come up a lot.  Over the last several years it has become a flashpoint for investors, media and now politicians.  Most recently, conservative politicians and lobbyists have made “Down with ESG”Read More

There are very few things that grow in perpetuity, but data is one of them.  The chart below was created by IDC, but this chart has seen many iterations from many different sources.  Every time we look at it, we take a minute to pause and think about what this chart actually says. Read More

The last couple of decades have seen a significant domestic migration.  Much of this migration has been from north to south.  People are leaving the colder climates of the northern United States and moving to the Sunbelt.  In the aggregate, these movements have been going on for a long time, butRead More

Last week the Wall Street Journal published an article advocating that it is time for investors to buy bonds.  This type of market timing is never as easy as it sounds, but given the woeful 2022 performance (Treasuries are down 16% since last January inclusive of reinvested coupons) it is easy to imagine value investors...Read More