The S&P “5”
How a handful of names now drive nearly 20% of the S&P 500 — and why ‘owning the market’ may not mean what investors think.
Public Service Warning: Don’t Time the Market
When volatility spikes, the instinct is to get out — but history shows the real danger isn’t riding out the storm, it’s missing the best days that follow.
Volatility vs. Risk
Not all market turbulence is true risk. Discover why patient investors see volatility as opportunity — not danger.
Be a Bear-Market Buyer
Bear markets test patience — but for the disciplined, long-term investor, they’ve historically been where wealth gets built.
Chairman’s Letter 2Q20
Dear Fellow Investors, Unprecedented is a word that gets tossed around so frequently these days that it is, well, unprecedented. More often than not, the word is misused to mean something other than, or in addition to, “without precedent.” Rather, it gets used to mean...
Diversify, Rebalance, Rinse, Repeat
Since the future is unknown, diversification remains the hallmark to capital preservation in our estimation. There may be short periods of time where seemingly different asset classes move in the same direction, but over time, reducing correlation among assets within a portfolio is crucial to protecting your generational wealth.
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