Transparency

For most investors, low-cost bond funds are better fixed income investments.

Simple portfolios consistently outperform the complex.

When Sharpe Ratio 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.