A Picture’s Worth a Thousand Words

  In our recent quarterly reports to clients, we included a new graph entitled “Capital Flows.” Each is unique to an individual client, and often tells a very powerful story by illustrating the benefits of long-term investing. Below are a few sample graphs from...

What’s Your Edge?

How do you get an investment edge? Is it having the smartest analysts on board who can tear through quarterly SEC financial filings to discover hidden gems of information overlooked by everyone else in the world? No. Is it having high-speed data lines that allow us to...
What’s in a Benchmark?

What’s in a Benchmark?

It’s natural.  We are wired to measure our portfolio against something to determine if our money is winning or losing.  Most often, stock market indices such as the DOW or the S&P 500 are assumed as proper measuring sticks. Many follow the logic of “well…my...