Insights and Ideas

When you put fees and taxes together, you get a sense of just how skilled a hedge fund manager has to be to generate meaningful returns for a taxable investor.

Does Pavlov explain a great deal of the way Wall Street works?

Many traditional asset management firms are resisting change that will come if they are held to a true fiduciary standard.

The best ideas often from keep-it-simple “rock science”, not rocket science. 

Many otherwise rational adults act like herd animals when it comes to investing.

Market prognosticators are never in doubt, but often wrong.