8 Tips about Performance

We have nothing against successful executives making a lot of money – some truly deserve every penny they get, and then some. The problem is when...
Most investment institutions define success as having a good result in each and every discrete time period, so it’s quite logical that people in...
We think it’s hard to play where it appears the class-action lawyers have a permanent goal to destroy the industry, such as in tobacco or handguns....
It’s still true that the biggest players in the public markets – particularly mutual funds and hedge funds – are not good at taking short-term...
In the long run, a portfolio of well chosen stocks and/or equity mutual funds will always outperform a portfolio of bonds or a money-market account....
If one of our portfolio managers has one great year, it doesn’t factor at all into how he or she is paid. That could just be a random event. I think...
Our ideal is 25 roughly 4% positions, though the reality varies around that. We believe concentration is tied to outperformance, but many...
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...