In their latest Annual Letter, First Eagle Investments provide some investing lessons from Thucydides from the late fifth century BC. Here’s an excerpt from the letter: We often find ourselves returning to The History of the Peloponnesian War by Greek author Thucydides from the late fifth century BC. Thuycdides’s insights … Read More
First Eagle: Small-Cap Silver Linings
In their latest paper titled, Small-Cap Silver Linings, First Eagle explain why small-cap stocks continue to outperform. Here’s an excerpt from the paper: While persistently high inflation and the attendant policy tightening have pulled stocks decidedly lower year to date, we do not think that inflationary periods are a death … Read More
First Eagle: Generational Buying Opportunities Ahead
In their latest Q3 2022 Market Commentary, First Eagle Investments explain why generational buying opportunities are ahead. Here’s an excerpt from the commentary: The good news is that this mathematical phase of adjustment may be complete, and asset prices once again appear to offer reasonable risk premia for investors. Lest … Read More