Category Archives: Investment Philosophy

There was an interesting article in the New York Times a few days ago (“Testing What We Think We Know”) that discussed the exorbitant amount we spend on medical procedures that don’t do what we thought they would.  Often times … Continue reading →

One of the more popular marketing ploys in investing these days is to claim “superior risk management”.  It seems every manager and every strategy today highlights that they are supremely focused on risk, implying either that they are better at … Continue reading →

When faced with the choice between investing on your own or hiring someone else to call the shots with your hard-earned money, it is no surprise that many choose to go it alone.  While investors’ memories are short, the asset … Continue reading →

I often refer people who continue to believe in active management to Standard and Poor’s semi-annual SPIVA studies that show very clearly how the vast majority of active managers consistently underperform their relevant benchmarks across asset classes and time periods.  … Continue reading →

Einstein once said, “Everything should be made as simple as possible, but not simpler”.  This bit of wisdom works exceptionally well in so many areas of life, but it is particularly good advice for investing.  Unfortunately, most investment firms do … Continue reading →