Why Would I Invest in _________?

If we were to take a year-end snapshot of the performance of all types of investments (stocks, bonds, real estate, cash), there would always be an array of winners and losers. Sometimes stocks will outperform bonds by a wide margin, but the opposite has also been true. The dangerous part about looking at such a […]

What a Financial Advisor Is/Is Not

It should be clear, but it isn’t.  When I attend networking events, it seems that everyone has “Financial Advisor” written somewhere on their business card.  Why?  Because, as Willie Sutton supposedly said about why he robbed banks, “That’s where the money is.”  There is a false equivalence, though.   A belief that because we all call […]

Focus, Not Concentration

To focus is to have clarity on what is and what isn’t. It is to know what is relevant and what can be ignored. To concentrate is to put all of one’s energy and resources into one place. Investors are rewarded for focusing on what is important, penalized for concentration. This year if you concentrated […]

The Patience to Get Rich Slowly

Last month, Bloomberg featured a research report on why Hedge funds continue to attract investors despite lackluster performance (https://www.bloomberg.com/view/articles/2018-06-26/is-hedge-fund-love-in-our-dna). Because of their complexity and secrecy, Hedge Funds have an attraction that appeals to our illusion of control.  We don’t want to believe that