Art Of Boring

A look at the strategy a year on and why we think valuation should be more top of mind for investors. Highlights: Influence of big tech stocks on the U.S. market and associated impacts to the small and mid cap space The AI theme continues—Elastic, Concentrix, Moderna Why is the U.S. market more expensive compared to its developed market peers? Regional banks—what happened, the current state, and opportunities (e.g., First Citizens Bank) Identifying potential economic themes through a bottom-up lens—Insperity, Dollar General, XPEL Some of the recent main performance drivers for the strategy—Winmark, Copart, Verisk, FLEETCOR, Global Industrial,  Donnelley Financial