Discover Pendragon Capital Management’s view of the financial markets and some of the thoughts that go into our investment decisions.
There is nothing so disastrous as a rational investment policy in an irrational world.”
John Maynard Keynes
Are you aware of the charitable deductions changes resulting from the One Big Beautiful Bill Act (OBBBA), effective in 2026? In short, the tax code is shifting from a broad-based incentive model to a threshold-based incentive model. This, in turn, rewards larger, more intentional giving and encourages structured planning vehicles. Let’s explore in more detail.…
Tax changes represent a valuable opportunity for you to review your financial planning. Have you optimized yours? As former Senator Max Baucus once observed, “tax complexity itself is a kind of tax.” While this is the case every year, this is especially true in 2026 as many significant tax policy changes create new tax and…
What would you say to resolutions that simply require attention at the beginning of the year to provide you with value? That’s what you’ll find with the 9 financial resolutions detailed below. Unlike traditional New Year resolutions that often wind up abandoned before January’s even over, these aren’t too time-consuming, complicated, or unpleasant to stick…
With the inflation we have experienced over the past few years, investing in gold as an asset class has returned to the forefront. It has had positive annual returns in 2023, 2024, and so far in 2025. The gains have been impressive. Owning Gold: Easy or Difficult? Years ago, it was difficult for investors…
Consider giving the gift of investing. The season of giving is upon us. That brings agonizing over what presents and gifts to give kids, grandchildren, or Godchildren. Instead of buying the same old gifts, maybe it is time for something different? Can you think of any better gift than one that grows over time and benefits…
The Federal budget is back in the headlines as the failure to reach a new funding agreement has shut down the government. This adds to a year in which policies surrounding trade, taxes, immigration, and other subjects have created uncertainty for the economy and markets. Despite all this, the markets have climbed “the wall of…
Have you considered funding a Roth IRA for your child? To make a Roth contribution, your child must have earned income from a job. As a parent (or grandparent), you can contribute to this Roth IRA. Not only do you help your child get started on planning for retirement, but you also benefit by transferring…
If you’re a committed investor, you are most probably counting on time to help you build the wealth to meet specific goals. And, since you have a long-term window in mind, you’ll want to follow these tips to help you be ready for tax time. The Biggest Tax Concern for Investors? The biggest source of…
How do you look at risk in your investing decisions? Thinking about the markets, I thought of a lecture I attended where legendary investor Howard Marks discussed how he looks at risk. His insights in this regard are always relevant and especially noteworthy in today’s market. The Risk of Holding an Asset Marks’ first observation…
Value investing with a strong contrarian bend defines Pendragon Capital Management. That’s because we believe strongly in the value of not timing the market, having a long-term investing perspective, and being disciplined about financial decisions. From personal experience, we see this combination as the most effective approach for building wealth over time. It’s the best…
