On Glenn's Desk

March 13, 2020

I was so pleased to be a part of this  discussion with The Manual of Ideas, and they've just released the MP3. Have a listen as we review recent market developments, observations, and opportunities. I discuss the dislocations and opportunities in the energy sector as a...

September 21, 2019

For some time, we included in our Mid-Year Letters and Year-End Letters our insight about the political environment and government tension which have characterized the last several years of American life. We consistently strove to remind ourselves that the shenanigans...

June 11, 2019

I was so pleased to be a part of this Q&A and discussion with The Manual of Ideas, and they've just released the transcript in their May publication. Have a look as we review value investing and recent market developments, observations, and opportunities.

Glenn Surowiec...

January 9, 2019

“Alone, we can do so little; together, we can do so much.”

-Helen Keller


In the past few Mid-Year Letters and Year-End Letters, we discussed then-current national and global events and the extent to which those events affected the GDS Investments portfolio. We considere...

August 29, 2018

From whence shall we expect the approach of danger? Shall some trans-Atlantic military giant step the earth and crush us at a blow? Never. All the armies of Europe and Asia . . . could not by force take a drink from the Ohio River or make a track on the Blue Ridge in t...

July 24, 2017

I still believe the fundamentals of our economy are strong.


Senator John McCain endured a round of media scorn, and, ultimately, electoral defeat after he uttered those words on August 20, 2008 (and when he doubled-down on them nearly a month later). After all, the wor...