As we lap a year of living and working under the pall of the pandemic, we pause to
consider the remarkable continuity in certain aspects of our lives.
The fourth quarter of 2020 witnessed an increase of 12.15% in the S & P 500, with the full year registering a resounding upsurge of 18.40% in the Index.
Letters to Clients
Living in the Past
As promised in our last letter (Home on the Range, December 2020), we’re ready to take you on a deeper dive into the murky waters of cognitive bias, an ever-present threat to clear and objective thinking.
Home on the Range
In thinking back on the letters we’ve written over the years, it occurs to us that each one, in its own way, was an attempt to address how best to deal with uncertainty.
To Catch a Falling Butter Knife
As each of us experiences days that feel more like years, we thought it would be useful to let you know in greater detail how we at Marshfield are approaching this crisis.
Spotlight from our Archive
Vive la Différence
Every once in a while we think it’s worth taking the time to review (both for ourselves and for our clients) the foundations of our investment philosophy.
Design Within Reach
Over the years, we’ve spent a lot of time expounding on our philosophy (which remains unchanged), our discipline (ditto), and our process (ditto, albeit with some tweaks here and there).