CEO/CIO at T&T Capital Management
Contributor's Links: TT Capital Management
Tim Travis is a veteran deep value investor and money manager. Travis has extensive experience in traditional investments such as stocks and bonds, in addition to having a unique methodology of combining options and distressed investing with value investing to generate income, reduce risk, and to ...more

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2022 Was A Cautionary Tale Of Investors Buying What They Didn’t Understand
I believe our portfolios are poised to really perform exceptionally over these next few years, as this is a great environment for value investing.
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The Huge Cost Of Trying To Time The Market And Election-Year Dynamics
If you sold stocks at the bottom of each 10% selloff, and then bought back 10 days later, you’d miss out on 2/3rds of the gains since 2002. This speaks to the strange dynamics of financial markets.
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S&P Down 25% YTD, Investment Grade Bonds Down 22%
The S&P 500 is now down 25% YTD, which puts it in the top 10 worst selloffs historically. What is particularly unique about this bear market is that bonds have offered no help whatsoever, generating massive losses as well. 
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When To Expect Recovery In A Bear Market
When you are in the midst of a bear market, all the news is bad. But bear markets are also when you can buy assets at the most attractive prices.
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Update On Bank Earnings
On a micro basis, the banks are performing exceptionally well in a challenging environment.
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Inflation At 7.5% Year-Over-Year
Recently, we got the latest update on the Consumer Pricing Index (CPI) and it was a doozy, showing annual inflation of 7.5%. The Real Fed Funds Rate (Fed Funds Rate Minus CPI) is now a negative 7.4%, which is the lowest since 1974.
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STOCKS I FOLLOW

AAPL Apple Inc.
ABX Barrick Gold Corporation (Old)
AGCO Agco Corporation
AGO Assured Guaranty Ltd.
AIG American International Group Inc
ALLY Ally Financial Inc.
AMZN Amazon.com Inc.
AN Autonation Inc
ANTM Anthem, Inc.
APA APA Corporation
ARO Aeropostale Inc.
BAC Bank of America Corporation
BBRY (now BB) BlackBerry Ltd
BK Bank of New York Mellon Corp.
BP BP p.l.c.
BTU Peabody Energy Corporation
C Citigroup Inc.
CAT Caterpillar Inc.
CFG Citizens Financial Group
CHK Chesapeake Energy Corporation
CIT CIT Group Inc.
CRM salesforce.com inc.
CSCO Cisco Systems Inc.
CSX CSX Corporation
CVX Chevron Corporation
DB Deutsche Bank AG
DDD 3D Systems Corporation
DECK Deckers Outdoor Corporation
DISCA Discovery Communications Inc
DVA Davita Inc.
DVN Devon Energy Corporation
ESRX Express Scripts Inc.
ESV Ensco plc
FCX Freeport-McMoRan Inc.
FRGI Fiesta Restaurant Group Inc
GD General Dynamics Corporation
GM General Motors Company
GOOG Alphabet Inc. (Google)
GS Goldman Sachs Group Inc.
HD Home Depot Inc.
HP Helmerich & Payne Inc.
HPQ HP Inc.
INTC Intel Corporation
ITIC Investors Title Company
JCPNQ J.C. Penney Company Inc.
JNJ Johnson & Johnson
JOY Joy Global Inc.
JPM JPMorgan Chase & Co.
KHC Kraft Heinz Company, The
KO The Coca-Cola Company
KSS Kohls Corporation
LEN Lennar Corporation
LUK Leucadia (now Jefferies, JEF)
MCD McDonald's Corporation
MET MetLife Inc.
META Meta Platforms, Inc. (Formerly Facebook, Now META))
MS Morgan Stanley
MSFT Microsoft Corporation
NOV National Oilwell Varco Inc.
NTAP NetApp Inc.
PCLN Priceline (Now BKNG)
PEP PepsiCo Inc.
PG Procter & Gamble Co.
RF Regions Financial Corporation
SD SandRidge Energy Inc.
SLB Schlumberger Limited
SUP Superior Industries International Inc.
TEF Telefonica S.A.
TSLA Tesla Motors Inc.
UPL Ultra Petroleum Corp.
VIA Viacom Inc.
VOYA Voya Financial, Inc.
WFC Wells Fargo & Co.
WMT Wal-Mart Stores Inc.
XOM Exxon Mobil Corporation
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