THE POTTERY BARN RULE: YOU BREAK IT, YOU OWN IT The phrase “you break it, you own it” has recently been invoked as a warning against the U.S. pursuing regime change in Venezuela (and perhaps Iran) and facing unintended consequences. Perhaps a poor analogy geopolitically, we believe it applies well to company management teams. Management owns the decisions it makes; investors, by contrast, can sell their stock and move on.   Some of the most important decisions companies must

Happy Holidays and all the best for the new year! We appreciate all your support and help in making 2025 another successful year for Siegel Asset Management (SAM) Partners. So, what changed in 2025?  OPEC aggressively increased oil production to regain market share rather than continue to support oil prices—this was a bit of a surprise. Less surprising was the Trump’s administration’s support for fossil fuels, resumption of liquefied natural gas ( LNG) export approvals, and r

We tend to see issues through our biased lenses as Americans and conservatives, moderates, or liberals. Climate change is one such issue that has generated much debate about its consequences and potential remedies. The U.S. has taken a markedly different approach under the Trump administration, promoting the production of fossil fuels (coal, natural gas, and oil) and nuclear power, while rolling back subsidies for renewable energy (wind and solar). Europe, however, is still v