Quarterly Letter

Federal Reserve Chairman Alan Greenspan delivered a rather dry and complex speech on December 5, 1996. The reaction, however, to such a seemingly mundane oration was unexpectedly immediate and powerful. It rattled Greenspan’s confidence... Read entire essay here: Slaying Goliath

The Martin Capital Management Q2 2014 commentary (“Slaying Goliath”) left readers in suspense. It closed with a cliffhanger question … and a promise that it would be answered in the Q3 2014 edition now in your hands or on your screen. The…

It was the best of times and it was the worst of times for capitalism as railroads stitched their way across the North American continent in the late 19th and early 20th centuries. The businesses associated with this daunting enterprise provided jobs,…