The Normal
March 25, 2018
Normal is the market going up and down in a manner that can be unnerving over short-term periods.
You Can Keep It Simple
February 9, 2018
Simple portfolios continue to consistently outperform top endowments.
Where Are Fees and Expenses Not Costs?
January 22, 2018
Generally accepted or not - Fees and expenses are costs
Private Presentations: Are Some Tall Tales?
October 30, 2017
Private equity internal rate of return (IRR) and volatility calculations can sometimes be misleading.
How Can Trustees Be Prudently Passive?
August 24, 2017
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.
Ignoring Fees Doesn’t Beat the Market
August 21, 2017
A large investment firm recently claimed its funds beat the market 93% of the time. They didn't.