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.


Your Quality of Sleep

February 19, 2020

I am often asked what I believe matters most in investing. I surprise many listeners when I say it’s the quality of sleep. From every single stock we pick to the portfolio as a whole to a family fortune, quality of sleep is what matters most. There are days when I don’t check our stock prices. I know what we own, and we are comfortable with those selections. If I had to, we could go for weeks or months without checking prices on our stocks. It’s an incredible peace of mind to know what you own, and why.
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How does a stock end up in our portfolio?

February 11, 2020

I love this question. A prospective client asked me recently, a very simple, yet profound question. How does a stock end up in our portfolios? Whenever I get asked about what we do, my face lights up, and if you only have the time, I can share with you the adventurous journey each of our stock picks took before it ended up among our portfolio holdings. The beauty of our process is how repeatable, and simple it is, yet far from easy to execute.
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Beyond The Headlines

Value and momentum: the tortoise and the hare

February 3, 2020

Chances are that you remember Aesop’s ancient fable about the Tortoise and the Hare. In case you need a reminder, in that tale the speedy Hare mocks the slow-moving Tortoise, who then challenges it to a race. The Hare sets a scorching pace and leaves the Tortoise far behind. Then, sure of its victory, it takes a nap, only to find out later that the Tortoise has slowly but steadily won the race! The investment terms “value” and “momentum” often remind me of the heroes of Aesop’s fable. Value investing is a steady tortoise, and momentum investing is a jumpy hare. Value investors buy cheap stocks, momentum investors buy stocks that have been going up.
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Tesla and the Dark Alleys of Investing

January 29, 2020

In investing, as well as in life, it pays to avoid dark alleys. Common sense and experience teach us what those dark alleys might be in life: dangerous places where trouble lurks and help might come too late. In investing, dark alleys are investments that can get us in serious trouble, and the worst of them can lose money for bears and bulls alike.
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