Financial and Investment Advisors to Families

In a financial world where clients have become mere account numbers, and the new emphasis rests on mass-marketing investment products and gathering “Assets Under Management,” we continue to deliver the attentive personal service of a knowledgeable and dedicated family advisor.

We believe that we are better investors because of our heritage as advisors to families and the long-term perspective it requires, and we are better family advisors because we possess the deep understanding and experience of real-life, active investing.

Articles

LESSONS FROM A 40-YEAR INVESTMENT VOYAGE

November 25, 2019

I recently looked back, and reviewed the performance of some of my longest managed portfolios that date back to the 1970s. I noticed that the accounts grew net of fees only slightly better than the S&P 500 index, though the returns, and the performance versus the index varied year to year. But that small outperformance through over more than 40 years of compounding did make a big difference to the owner families’ ending wealth.
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What’s your measure of success? What is your finish line?

November 8, 2019

This fall, one October day, I was enjoying a chilly morning drive on a windy mountain road through the beautiful dense Oregon spruce forest. I was on the way to Intel’s Portland Campus. The sun was just rising above the mountain tops, and I was already wondering what kind of questions I will be able to answer on the spot, and what kind of questions will still linger long after I leave… During that half day at Intel discussing stock picking, and sharing my experience as an investment advisor to families and entrepreneurs, I kept hearing a very similar question asked in a dozen ways - What’s your measure of success?
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Beyond The Headlines

The Ultimate Argument for Holding Cash

December 5, 2019

With the stock market at an all-time high, patient and disciplined investors have gone right out of fashion, but that’s how we at Sicart still proudly identify ourselves. We don’t just attempt to hold the best- quality businesses we can identify, which we seek to buy at the lowest possible prices. We also remain historically underinvested, holding substantial (and seemingly idle) cash.
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The Tale of Two Books

November 25, 2019

As readers of my articles, you probably know well that books are very important to me. This is an account of two that have been a great influence on me, in very different ways. I discovered both of them around 20 years ago. One has defined my career, and the other still defines stock markets and the economies around the world. The first one I bought, and cherish. The other one I browsed through carefully once, but never cared to own … was I wrong?
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