Transparency

When Sharpe Ratios presentations look too good, it pays to ask sharp questions.

Should investors discount the possibility of an illiquidity premium – potentially significantly?

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 seems like we have been continuing to have the same debates over and over for almost 100 years.

Let’s just admit it.  Even though we throw around Greek like we grew up in Athens, many in the business don’t always fully track what is being discussed.

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