From the Yardarm
 

2016

  • Yardarm June 2016

    With the forces of globalization pushing increased trade, and developing nations pursuing common paths of economic development, it appeared that the trends pressuring raw materials prices higher might continue indefinitely. But in the past four to five years, the longstanding trend in declining goods costs reasserted itself with a vengeance...

     
  • Yardarm May 2016

    At the Amana Funds we have long described ourselves as "Value and Values-Based Investors." We have adopted this mantra because it reflects our investing philosophy, and we believe such an approach improves our likelihood of achieving...

     
  • Yardarm April 2016

    In this political season, drug companies have become a convenient whipping boy. Congress called some firms on the carpet to defend their drug pricing practices, while some presidential candidates have suggested...

     
  • Yardarm March 2016

    Real Estate has come of age and will be moving out on its own this summer, leaving its parent sector home of Financials to reside in its own self-titled headline sector. We foresee positive developments and a few risks...

     
  • Yardarm January 2016

    Oh, market volatility — your foul stench is particularly rancid in the dark of winter, when the taxman begins his rounds and rebalancing fills investors' minds. But, as goes January, so goes the year? Not so fast.

     

2015

  • Yardarm December 2015

    The Consumer Staples sector logged solid stock market performance in 2015, outpacing the S&P 500 Index. Intra-sector performance, however, varied widely, even among companies we might consider similar blue chips. Changes to the market landscape are forcing Home and Personal Care companies to evaluate past practices and develop new...

     
  • Yardarm November 2015

    Increasingly, investors are concerned about how their lives and personal investments impact society and the world around them. With that comes fears that investing for sustainability, which often excludes certain sectors such as energy or materials, will interfere with asset allocation criteria and impair a portfolio's risk and return characteristics...

     
  • George Taylor's "Hemline Index Theory" has persisted since 1926, but is it true? As investors we are confronted with an unending morass of data. With ever-increasing streams of information, cheap computing power, and our desire as humans to construct narratives to explain complex systems, we understandably try to draw conclusions to put our minds at ease...

     
  • Yardarm April 2015

    "In spite of the cost of living, it's still popular." These words, offered decades ago by Kathleen Norris, carry more weight than ever before, particularly within the realm of financial planning and saving for retirement. The evolution of medical technology and advancement of life-extending therapies once referenced only in science fiction movies...

     

2014