Focused on Concentration and Diversification Avoiding Concentration Risks While Producing a Long-Term Return

“Hugging” the Index May Limit Performance

You can understand why many succumb to the pressure to “hug” the index, so to speak. But we believe if you go down the road of trying to make sure you’ll never do much worse than the index, you’re almost insuring that you’ll never do well enough to justify your compensation as an active manager.