Our Published Work

Insights

Updates

February 12, 2026

The Road to Albuquerque

Year-End 2025 Investment Update — examining what drove narrow momentum-led markets, why our process did not change, and why we remain constructively optimistic.

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Equity Markets

August 11, 2025

The Curious Case of Stock Price Drawdowns

Inspired by Sherlock Holmes — do large drawdowns reliably signal poor future returns, or are investors theorizing before examining the evidence?

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Process / Philosophy

May 7, 2025

The Financial Laws of Gravity

Just as Newton's apple always fell downward, there are irreducible investment truths that reliably pull stock prices toward intrinsic value — the four financial laws of gravity.

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Companies

June 30, 2024

Artificial Intelligence: Investing in Technology Transformations

AI is not one company or one moment — it is a technology transformation decades in the making. DGI separates durable investment opportunities from speculative noise.

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Milestone Piece

June 2023

Free Solo

What does it mean to commit fully to an idea with no rope? A look at conviction, preparation, and asymmetric risk in investing.

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Process / Philosophy

August 2021

Fishing With My Dad

A father’s decades-long fishing discipline — grounded in fundamentals, patience, and a proven process — turns out to be a remarkably powerful blueprint for long-term investment success.

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Process / Philosophy

December 2020

Three Questions

At the core of any sound investment process is a clear understanding of what investors can and cannot control. Three questions define the only levers we have for directly influencing our investing outcomes.

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Updates

April 2020

COVID-19

DGI’s real-time thinking on what the pandemic crisis meant for markets, for portfolio companies, and for long-term investors — written in the thick of it, April 2020.

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Updates

March 2020

A Dog Named Cisco

When a prospective client named her dog after Cisco Systems stock, it sparked a lifelong lesson in the great company/lousy stock syndrome — and why price always matters.

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Updates

February 2020

Year End Thoughts (2019)

Three clear investment messages from a year that spoke loudly — a portfolio with gas in the tank, the dangers of S&P 500 concentration, and the absurdity of negative bond yields.

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