Finding hidden gems takes patience, persistence, and an eye for what others might overlook. That’s true in investing—and in careers.

As the new year kicks off, bond investors are grappling with the Fed cutting short-term rates just as long-term rates have started to rise again. The two paths are seemingly contradictory, resulting in the “steepening of the curve.” Meanwhile, credit spreads remain near multi-year tight levels.

In what many are calling “a big moment for the economy,” the Fed cut rates for the first time in four years.

Our founder, Mark Travis, and Chief Investment Officer, Hunter Hayes, were recently featured in Barron's.

The June edition of FA Magazine highlights Intrepid Capital’s Income Fund (ICMUX), which has been a standout performer among bond funds.

Fixed-income investments come in all kinds of wrappers. While traditional bonds are best known and fairly straightforward, other asset types such as convertible bonds, loans, and preferred stocks also offer a stated return over a set period of time. In this blog post, we focus on preferred stock, a...

Everyone knows Warren Buffett’s two rules of stock investing: Rule #1 – Don’t lose money Rule #2 – Don’t forget rule #1 At Intrepid, we have adopted these rules wholeheartedly into our investment process, with a slight adaptation for investing in corporate debt:

Frequently, clients ask about our position in non-rated (also referred to as unrated) bonds, which often represent one of the largest slicesof the Fund’s composition, when categorized by credit rating.