The MercadoLibre Paradox
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Over the past five years, MercadoLibre has grown both revenue and profit dramatically — yet its stock price has gone nowhere. Could this be an opportunity?
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Insights Blog
News, insights and thought leadership from the City Different team.
The MercadoLibre Paradox
What Investing Can Teach Us About March Madness
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We've officially entered my absolute favorite time of the sports calendar year. As millions of others around the country have done this past week, I sat down to fill out my bracket for the annual Van...
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Are Treasuries Still Safe?
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Since April, I've had a lot of conversations about whether Treasuries are still a viable safe haven investment. After “Liberation Day,” 10-year Treasuries sold off by ~50 basis points, creating a...
What's That Junk Bond Worth Really?
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There’s a line from the movie The Last Boy Scout that’s always stuck with me: "Water's wet, the sky is blue..." (gunna add my own spin on it here) ... and market risks, Jimmy, they’re out there and...
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Hug an Economist
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Connor and I both majored in economics. We spent four years steeped in macro theory, poring over models of trade, labor, and monetary policy. Since then, we’ve found… let’s say, limited use for most...
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Performance Art is Killing Actual Performance
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I’ve worked in this industry for 25 years at this point. I’ve seen trends come and go, asset classes boom and bust, and countless firms try to differentiate themselves on everything from process to...
Informed Investor: Total Return
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Why we focus on ‘total return’ (and what that means for your portfolio) When evaluating the performance of our strategies from our fixed income desk, we focus on total return. In our view, it’s the...