There’s renewed talk in the news about ending the requirement for public companies to report quarterly earnings. At first glance, the commentary makes it sound like a step toward solving our short-term obsessed investment culture. But the reality is more complicated. In this article, we explore why the frequency of financial reporting may be less important than how leaders are rewarded—and how well-designed compensation systems, meaningful ownership, and a focus on long-term value creation can foster true alignment between management and shareholders. Discover why the path to sustainable results isn’t about reporting less, but about incentivizing stewardship that endures well beyond the next quarter. 

In this episode, we sat down with our Director of Research, Vijay Viswanathan, and Institutional Portfolio Manager, Kevin Minas, to talk through their observations this past quarter. We talk macro, micro, and everything in between, touching on changing market dynamics, central bank policy, how the portfolios are doing in this environment, and, finally, how we're positioning ourselves as we move forward.

Credit markets appear calm, but beneath the surface, early warning signs are flashing—especially in the auto sector. This article explores how auto credit, often the first to show stress when consumer conditions deteriorate, is now signaling broader risks. With credit spreads near their lowest levels in decades and risk premiums shrinking, investors are being asked to accept more risk for less reward. The rise of private credit and declining transparency further mask growing vulnerabilities. The auto sector’s mounting strains may be the canary in the coal mine, warning of mispriced risk and potential instability across the broader credit market.