Skip to content
  • Boyar Family of Companies

    Boyar Family of Companies

    Whether uncovering a new idea for our research subscribers, managing pension funds, or handling accounts for individual investors, our research-driven insights help both professional and individual investors pursue their investment goals. 

    Boyar_Logo_Asset_Management-May-31-2023-08-39-05-3251-AM

    Boyar Asset Management focuses on investing in the equity securities of intrinsically undervalued companies.

    Boyar_Logo_Research-1

    Boyar Research was established in 1975 to provide independent research utilizing a business persons approach to stock market investing.

  • Insights

    Blog

    Read the latest news and insights from the team at Boyar Value Group.

    Bill Ackman on Investing, Politics, and Turning Howard Hughes into a Modern-Day Berkshire Hathaway

    Jonathan Boyar Highlights 3 Companies from The Forgotten Forty 2025 Edition on Yahoo Finance

    The Boyar Value Group’s Official Response to Pershing Square’s January 13, 2025 Takeover Proposal for Howard Hughes Holdings

  • Podcasts

    Podcast

    "The World According to Boyar podcast brings top investors, best selling authors, and market newsmakers to show you the smartest ways to uncover value in the stock market." 

    Bill Ackman on Investing, Politics, and Turning Howard Hughes into a Modern-Day Berkshire Hathaway

    AI, Indexes, and Independent Research: Inside Morningstar’s Strategy with CEO Kunal Kapoor

    Thomas Peterffy's insights on Interactive Brokers' market position, growth potential, and his journey from humble beginnings to tremendous financial success.

  • Media Appearances

    Media

    Check out the latest media appearances from the team at Boyar Value Group.

    Jonathan Boyar Highlights 3 Companies from The Forgotten Forty 2025 Edition on Yahoo Finance

    Boyar Research’s Flagship Report, The 2025 Forgotten Forty, Featured in Barron’s

    Best Stock Ideas For 2024

  • Team
  • Contact
  • Schedule a Meeting

The Boyar Value Group’s 2nd Quarter Letter 2023

The Boyar Value Group's 2nd Quarter Letter 2019 - Boyar Value Group

The Boyar Value Group's 2nd Quarter Letter 2020 - Boyar Value Group

The Boyar Value Group's 2nd Quarter Letter 2022 - Boyar Value Group

The Boyar Value Group just released our latest quarterly letter to clients.

Please find an excerpt of the letter below:

There is an old Wall Street adage that markets like to climb a wall of worry, and the price action thus far in 2023 seems to exemplify that. Despite concerns among investors over the fallout from the regional banking crisis, uncertainty about the future direction of interest rates, continued fears of recession, and a debt ceiling standoff, the S&P 500 advanced by 8.7% for the second quarter of 2023, bringing its total gain for 2023 to 16.9% as of June 30, 2023. Simply put, investors’ obsession with AI’s potential (and willingness to bid up shares of index heavyweights poised to benefit from it, such as Nvidia and Microsoft) seems to out-weigh any (and indeed all) of these fears. 

Please click here to read the entire letter.
Client Letter BAM Client Letter

The Boyar Value Group's 2nd Quarter Letter 2019 - Boyar Value Group

The Boyar Value Group's 2nd Quarter Letter 2020 - Boyar Value Group

The Boyar Value Group's 2nd Quarter Letter 2022 - Boyar Value Group
Previous

Boyar’s Thoughts on What to Expect for the 2nd Half of 2023
Next

The Boyar Value Group’s 1st Quarter Letter 2023