Tips by Jeffrey Bronchick

Because enough people in the market think they’ll get fired for buying something that might be a year away from getting better, that provides real...
Tags: time, market, stocks
If I was stuck on a desert island and had to make a decision on management talent, I’d chose a summary of past returns on capital over a cell phone...
The only way to add value as an active manager is to be persistently different than the index. We tell prospective clients that if their main goal is...
We don’t have many rules, but when a stock is down materially relative to its peer group we assign another analyst to formally review it and then...
Our ideal is 25 roughly 4% positions, though the reality varies around that. We believe concentration is tied to outperformance, but many...
We do cap a given industry’s exposure at 25% of the portfolio, which is a check on the innate lack of humility we often have as investment managers....
One of my biggest jobs is to keep everyone focused. Don’t stare at the red numbers on the screen – call companies, call industry contacts to hear...