Famed mutual fund manager quits after fund ends its streak

He was described as “one of the greatest investors of our time” by Fortune magazine in 2006. His record of beating the Standard & Poor’s 500 Index for 15 years from 1991 through ...

Optimism from a top market observer

As the world’s stock markets took a vicious tumble in late summer and early fall, one of the market’s most prescient observers issued a warning: don’t sell now. Burton Malkiel, economics ...

Why you should keep investing in 2012 (and even up your ante)

Any investor should be willing to admit 2011 was a pretty crazy year for the markets. They were churned through the year by a weather and nuclear disaster in Japan, a deadlock over finances in Congress ...

Client Letter – Q3 2011

During the past quarter, the world-wide equity markets took a steep fall.  In contrast, our bond positions did their job and held up the “fort.”  The chart below shows the 3-month, 5-year, and 10-year ...

Client Letter – Q2 2011

As a fiduciary, we are required to utilize a due diligence process in selecting service providers, including the selection of custodians.  We are also required to periodically re-evaluate these relationships.  ...

The virtues of buying and holding

Two of America’s eminent investment researchers were recently asked whether the hyperactive markets of the last few years indicate that the concept of buy-and-hold investing is outdated. Their answer? ...

Every investor’s choice: Be the dumb money or the smart money

Investors have a lot of choice when deciding how to handle market fluctuations. Many opt for “tactical asset allocation”—in other words, they move out of stocks, for example, when they think ...

Client Letter – Q1 2011

During the past quarter, U.S. stocks and real estate performed exceptionally well, followed by moderate returns internationally.  Short and intermediate bonds remained flat.  Isn’t it interesting that ...

It takes more than a million to make the rich feel wealthy

What does it take to feel wealthy? About $7.5 million, according to a group of people who should know. That finding came in a recent survey of 1,000 millionaire households by Fidelity, the second-largest ...

International stocks still offer diversification benefits

A long-held axiom among professional investors says that diversifying a portfolio by adding international stocks helps to reduce risk and enhance returns. But as the world’s developed economies in ...