Commentaries 15 Jan 2017 So Sayeth Charlie Ellis I’ve always been a fan of Charley Ellis. He has constantly challenged our industry to be better, criticizing the inability…
Commentaries 15 Oct 2016 Active vs. Passive Investing A great deal has been written and discussed about the move toward passive investment. A recent Bloomberg article written by…
Commentaries 15 Aug 2016 High Quality Businesses “In money management what sells is the illusion of certainty.” ...John Hempton There has been a great deal of chatter…
Commentaries 15 Jul 2016 The Dreamy Business “In Ajit, we have an underwriter equipped with the intelligence to properly rate most risks; the realism to forget about…
Commentaries 15 May 2016 Luck vs. Skill “Most of the annual variation in [investment] performance is due to luck, not skill.” ...Bradford Cornell, California Institute of Technology…
Commentaries 15 Apr 2016 “Chicks Dig the Long Ball” “Chicks dig the long ball” ...Greg Maddux, 1998 Nike commercial In a recent call with investors, Byron Wien, chief strategist…
Commentaries 15 Mar 2016 Price Stability “A turkey is fed for a thousand days by a butcher; every day confirms to its staff of analysts that…
Commentaries 15 Feb 2016 The Fishing Lure “Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell…
Commentaries 15 Jan 2016 Bias Blindness “The investor’s chief problem and even his worst enemy is likely to be himself.” ...Benjamin Graham There’s an old saw…
Commentaries 15 Nov 2015 Fundamental Investment “There are two different types of people in the world, those who want to know, and those who want to…
