You Can Keep It Simple

Simple portfolios continue to consistently outperform top endowments.
Read More

Where Are Fees and Expenses Not Costs?

Generally accepted or not - Fees and expenses are costs
Read More

Private Presentations: Are Some Tall Tales?

Private equity internal rate of return (IRR) and volatility calculations can sometimes be misleading.
Read More

How Trustees Can Be Prudently Passive

It’s not enough to follow someone’s advice to invest in index funds. Actual passivity contradicts the trustee’s duty to act as a prudent fiduciary. Passive investment products are potentially as complex as any other, and prudence demands careful evaluation.
Read More

Ignoring Fees Doesn’t Beat the Market

A large investment firm recently claimed its funds beat the market 93% of the time. They didn't.
Read More

Say It Ain’t So, Joe

For many of us who have been in the industry for many years, the evidence is hard to take.
Read More