Category Archives: Blog

The stock market surged once again in the first quarter, gaining nearly 13%.  Including the fourth quarter’s 12% gain, the S&P 500 has now increased 26% in the last six months, a blistering pace which has many wondering how long it can continue. For details on our firm’s performance results, our investment outlook, and related [...]

Please tune in to watch Broadleaf Partners’ Chief Investment Officer, Doug MacKay, on CNBC’s Squawk on the Street this Thursday, March 29th, at 10:35am. For those of you unable to catch it live, a video will be posted on the website when it becomes available.

Johnny lost a tooth last night.  Unfortunately, the Tooth Fairy got carried away line dancing at the Thirsty Cowboy in Medina, Ohio too long to find out about it in time.  Country band Coalie’s Run must have been putting on an excellent show but, hopefully, the Tooth Fairy will be back in business tonight. Speaking of which, [...]

Apple’s success is staggering. The company generated $16 billion in free cash flow this quarter, bringing their cash hoard close to a mind boggling $100 billion dollars.  What the company decides to do with this huge cash balance may be key to future gains in the shares, which at current prices places the value of [...]

The stock market enjoyed a nice fourth quarter rebound as the domestic political and double dip recession concerns that plagued the markets in the third quarter faded from memory.   In spite of significant headwinds that remain in Europe and a slowing Chinese economy, the S&P 500 surged nearly 12%. In general, the views we shared [...]

The daily moves in the market have been amazing in recent weeks.   I was curious to know how amazing, so I took a look at the daily performance of the S&P 500 since the Broadleaf Growth Equity Portfolio started six years ago. Since our portfolio’s inception – 1,583 trading days ago – the S&P [...]

This WallStreet Journal article on hedging activities that have recently backfired at Morgan Stanley once again made me wonder how so many smart people can get so wrapped up into attempting to get something for nothing.  Personally, I think this behavior is the equivalent of welfare in the corporate suite, the promotion of the idea [...]

The debate over whether or not the higher fees earned by active portfolio managers are justified by a long term ability to earn market beating returns is a subject of endless debate in the investment community, one which has become nearly religious in its orientation.  While there is no doubt that superior investment managers like [...]

The stock market took a severe beating in the third quarter, declining by nearly 14%.  Continued concerns about Europe and political and economic uncertainties in the United States made the stock market’s third quarter chart look like a fast twitch cardiogram.   At this point, while the macroeconomic data increasingly points to the likelihood of a recession, the [...]

The New York Times highlights another interesting MLB ritual in today’s paper.  How can you not chuckle at rookie relievers made to carry gear to the bullpen donning Dora the Explorer, Barbie, and Tinkerbell backpacks?  Electronic Arts slogan for its sports video games is, “if it’s in the game, it’s in the game.”  I’ll be [...]