2018 Year End: Rewarding An Investor For Discipline and Risk Management
Quarterly Commentary Jan 16, 2019
Investing is not a riskless process and returns do not materialize in a forty-five-degree angle. As evident in 2018, returns can come and go very quickly. This is why it is imperative to consider risk first. While it is easy to get lost in the noise of various metrics, academic jargon, news, and “conventional wisdom”, […]
Q3 2018: An Investor’s Internal Trade War
Quarterly Commentary Oct 17, 2018
Investors seem to be struggling with their own tradeoffs including which headline to trade, resulting in an emotion driven see-saw of chasing returns then capitulation...
Q2 2018: Finding The Path of Least Resistance
Quarterly Commentary Jul 17, 2018
Looking for trends that might not exist, can cause one to miss trends that do persist. Investors are always trying to outsmart one another, constantly guessing what will happen tomorrow with today’s news. Whether it is reacting based on fear, or on greed, or maybe just impatience; investing irrationally based on emotions never seem to […]
Q1 2018: How Risk and Volatility Are Different
Quarterly Commentary Apr 16, 2018
Many investors may believe the term "risk" and "volatility" are synonymous. The key difference is that while volatility can come and go, risk to the investor is always there.
Q4 2017 & YEAR END: AN EQUITY RALLY SURPRISING TO ITSELF
Quarterly Commentary Jan 12, 2018
Q3 2017: Equity Risk Complacency
Quarterly Commentary Oct 27, 2017
Q2 2017: Act, Think, or Wait
Quarterly Commentary Jul 14, 2017
Q1 2017: Is Imagination Better Than Reality?
Quarterly Commentary Apr 13, 2017
Fueled by optimism, equity markets marched higher, making consecutive all-time highs on record low volatility.
Q4 2016 & Year End: The Statistician and The Speculator
Quarterly Commentary Jan 9, 2017
The initial struggle of global risk-markets not only tested investor endurance and patience, but more importantly challenged the discipline of investment processes. Existing out of positions due to fear-based, emotional investing may have provided immediate comport, but also would have been invalidated shortly afterwards.
Q3 2016: A False Sense of Calm
Quarterly Commentary Oct 10, 2016
A quick and sudden increase in volatility was a reminder that even when the market may seem calm, market risk can still be high. Investors and advisors should use this time to reexamine their investment process and strategies going forward, not backward for today's investment environment.