Dear partners, friends, and fellow investment professionals – In the second quarter of 2019, Clarendon Capital Management (CCM) returned 3.6% after brokerage expenses and the stated management fee. YTD, the CCM Composite has appreciated 11.6%. The significant underperformance in Q1 of 5.9% relative to the IVV benchmark was significant and…

In the past week, I have spoken with a two of private capital groups — one venture and one private equity. Their common advantage comes from their approach to sourcing and accessing deals. The PE group had a clear description of why an entrepreneur/owner would choose to sell their business…

A quick blog on my YTD progress of CCM’s goals— the following is a summary of the incremental progress since the February 28 update. Publish 20 in-depth investment analyses shared. #3 — $ iShares’ $DVY Is The Superior And More Conservative Quality Dividend ETF To FlexShares’ $QDF https://seekingalpha.com/article/4266246-ishares-dvy-superior-conservative-quality-dividend-etf-flexshares-qdf One extraordinary/creative…

I had a great time at the 2019 Berkshire Hathaway Annual Meeting and spoke with several other value investors. During a few discussions, I was comparing notes — how should we as value investors measure ourselves? CCM’s stated primary objective has been a positive absolute return. A secondary target is…

At the end of February, one-sixth of the way through the year here is where my progress stands with these five goals. …

As 2019 begins, I want to share some of the goals I have set for myself and CCM this year. Writings — In the second half of 2018 in the summer and fall I became involved as an advisor to an investment firm utilizing artificial intelligence. This pulled me away…