29 May, 2020

“Pedigree” is for Racing Pigeons, not Investment Managers

Last week, we discussed two elements of due diligence: the importance of going beyond narratives and numbers, and that fund names rarely describe what a fund truly does. This week, we’ll expand this conversation a little further and I’ll highlight a few...

21 May, 2020

The Narratives and Illusions of Investment Management

Over my next few letters, I’ll take you through examples of what to look out for and give you a sense of the types of questions to consider when evaluating potential funds.This week, we look at two themes: Stories and Numbers; and What’s in a Name. After...

08 May, 2020

FOMO: An Affliction Among 11-Year-Old Boys and Investors Alike

Our CIO, Corrado Tiralongo shares how falling prey to the social concept ‘FOMO’ can hurt long term investment outcomes - Can we trust historical investment performance exclusively, when evaluating a fund? Last week, my 11-year-old son, Leo, presented...

02 May, 2020

The Cost of Chasing Investment Performance

Comparison is the thief of joy. Theodore Roosevelt, 26th President of the United States I don't know the context of Mr. Roosevelt’s comment, but this quote has been one of my favorites because of its elegance in addressing some things that affect all...