Bigger is not better in the money management business and the larger you are as an investor, the harder it is to allocate in a manner that keeps managers small.

It is not easy and requires a lot of active discipline and fortitude.

We should be open and humble about our tactical ability to add value.

The best long-term strategy is to stick to your long-term strategy.

Do some ESG managers wave banners too much?

Do investment manager selection kingmakers have any clothes? We will let you make your own conclusions.