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Horizon Kinetics Q1 2023 Commentary - Seeking Alpha

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An editorial tension sometimes stalks the preparation of the Quarterly Commentary: how much time to allocate to of-the-moment questions that want just a brief response, as against how much for topics that should be addressed in more depth. One doesn’t want too much of either. For this quarter, I had in mind an exercise to highlight a certain business model that gets zero attention in the stock market, is distinct from all others, and which can be a valuable long-term component of a portfolio. If one doesn’t sometimes pause upon a topic long enough for some beyond-the-moment exploration, it doesn’t become knowledge, but just another one of those recommendations that come and go and are quickly forgotten.

seekingalpha.com     May 04, 2023