You had better hide that statement from your spouse. The market is now weakening faster than expected. What started as a rotation into defensive sectors is beginning to look like a broader correction, and we believe the weakness could continue for several more weeks. If that happens, even some of our highest-conviction stocks may come…

Like billions of people around the world, I have been following the FIFA World Cup over the past couple of weeks. After 30 years in the industry, however, I have realized I have an occupational hazard. Whatever I’m watching, I somehow end up relating it back to investing. Watching the tournament has reminded me that…