Investment Philosophy

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.

Staying composed when storm clouds bring bad weather is not easy but, just as keeping a steady hand on the tiller and staying calm is the key to reaching a port safely, avoiding the urge to make changes in volatile markets is the key to long-term investing success.

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

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.