(Au)our Insights

15
May

Looking for a Coconut Chef

Interviewer: “if you were to be stranded on an island and could have three people join you, who would they be?” (Expecting the answer to include one or more of George Washington, Albert Einstein, Great Grandfather, Barack Obama, Francis Bacon or the Dalai Lama) Lengthy...
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06
May

When Correlations Go To One

“An approximate answer to the right problem is worth a good deal more than an exact answer to an approximate problem.” — John Tukey   Most financial professionals preach the positives of diversification.  They promote it as much for risk mitigation as they do for...
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31
Dec

Seven Deadly Sins: All in moderation.

The greatest deception men suffer is from their own opinions. –     Leonardo da Vinci What better idea than to bring up the Seven Deadly Sins during the holidays?  In our constant need to Google everything, absorbing as much data as possible, we came across this...
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12
Nov

Horse, with a Side of Bacon – November Newsletter

“Nature, to be commanded, must be obeyed” – Sir Francis Bacon One quote, two stories, and then the point to this newletter. This quote from Sir Francis Bacon sticks in our minds a lot these days. It fits so many situations as we see numerous...
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17
Oct

Shedding Light on Reality – October Newsletter

“Half a century of analysis has yet to fully answer why investors place such a large proportion of their funds with active equity managers, given the discouraging evidence on the latter’s ability to add net value” – Rotman International Journal of Pension Management With this...
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28
Jun

Investing in Individual Securities

If your advisor has decided to own individual stocks rather than either mutual funds or ETFs (Exchanged Trade Funds) for your portfolio, I think you need to ask Why?  To justify the fees he is charging is a cynical (and likely truthful) answer. The costs...
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28
Jun

What is Value?

When it comes to investing for the long term, the overriding factor that will determine future investment returns, other than time, is the value of the asset at the time you buy it.  Think back to the early part of this century (the technology bubble)....
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25
Nov

The Change

I offer this as an introduction.  Up to this point, I have been an investor focused on institutional assets (pension funds, endowments, etc).  It has been 18 years of being paid to do something that I have loved doing since I was a teen.  Though...
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