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The Bear Report
The Bear Report
The Bear Report is a quarterly newsletter in which we share our views, advice, and recollections in the world of business finance management. We send this report to our clients at the end of each quarter and post it here at the end of the following quarter.


The Merchant of Venice - A balance sheet explanation, Q2 2025
Luca stifled an unbecoming smile. He knew the banker well, a thin nervous little man. “Does he know the reason you have no profit is because your warehouse is nearly full of cotton?”
“Yes, yes! I tell him! But he only say he cannot see my cotton, he can only see my losses. I tell him come down to my varehouse full of cotton and see for yourself, and he say no, no, thee wharf is full of rats and criminals. Bah! I tell him thee rats on my dock have better business head than h

Arrow Services
Oct 17 min read


Congress and Her Purse, Q1 2025
An interesting sideshow has developed in the second Trump administration. He has set out to overhaul trade relations with every country on earth, friend or foe. While the tariffs themselves have major implications in the economy, underlying the whole discussion is a power struggle between the Executive branch and Congress. Congress controls both spending and taxation, i.e. both expenses and income. This “power of the purse” is their main check on the Executive branch’s power.

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Jul 110 min read


As it Was in the Days of Noe, Q4, 2024
No doubt the after-flood world required as much faith on Noah’s part as did building the ark in the first place. Perhaps, we are standing in a somewhat parallel moment. By almost any measure, Trump won a decisive victory against steep odds. If you are inclined toward his views, you might say common sense won the day. If you lean differently, you might say crazy won the day. History may say both are true. Yet regardless of how history will view Trump, future textbooks will rec

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May 3015 min read


What Accounting Cannot Do - also where it shines, Q3 2024
Key points in business management that require wisdom for which accounting can only provide data.

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Dec 29, 20246 min read


The Treasury ~ and why it matters to you, Q2 2024
Function of the US Treasury and the nuances surrounding the Secretary of the Treasury.

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Oct 30, 20249 min read


The Fed ~ and why it matters to you, Q1 2024
A Discussion of the role of the Federal Reserve and its effect on business.

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Oct 30, 202413 min read


The Rhymes of History - on American debt, Q4 2023
Story of Henry Ross Perot and American debt policy.

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Oct 29, 20247 min read


The Disciplines of Ownership - keys to success, Q3 2023
Characteristics of successful businessmen and leaders.

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Oct 29, 20247 min read


The Energetic Sheik - value in changing times, Q2 2023
Discussion on the value of working and producing rather than consuming.

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Oct 29, 20248 min read


Rehoboam’s Reality - uncertainty and opportunity, Q1 2023
A young man stepped from behind the curtains of his private quarters onto a platform erected for this historic occasion. The murmuring of...

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Mar 31, 20238 min read


Compliance Tips - practical business checklist, Q4 2022
DISCLAIMER: Any legal advice given in this article is for educational purposes only and should not be construed as legal advice....

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Dec 31, 20224 min read


So Dom - an allegory of wisdom, Q3 2022
The following is an allegorical story intended to illustrate the wisdom of God’s principles in all of life, particularly in business. We...

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Sep 30, 20225 min read


Three Kings of Management - Kingdom focused business, Q2 2022
Discussion of management style taken from the examples of Kings David, Solomon, and Rehoboam

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Jun 30, 20226 min read


Why the Stock Market Matters - practical business checklist, Q1 2022
Turn on any news channel, or pick up any newspaper, and some form of stock market news will present itself, with its mysterious ticker...

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Mar 31, 20226 min read


Business Man in a Bird Cage - Kingdom perspective business, Q3 2021
“Your Majesty!” Michael burst into Jesus’ office without his customary polite knock. “They are rioting in the streets again! I think we...

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Oct 9, 20214 min read


Almanzo, Pink Lemonade, and Piglets - causes of inflation, Q2 2021
The year was 1866. Almanzo and his family were enjoying a rare break from farm work and celebrating Independence Day in their local town...

Arrow Services
Aug 6, 202113 min read
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