Posts Categorized: Newsletters

Often we are asked, “what kind of investment manager are you?” We’re inclined to reply, “a very good one, of course!” But the question relates to what style of investing we employ.

Here we go again. The current market correction, measured from the April highs, briefly met the common definition of a “bear market” this week with a 20% peak-to-trough decline.

“It’s tough to make predictions, especially about the future.” Yogi Berra’s wry observation enjoyed particular resonance in 2010 as the strength of the equity markets’ advance far exceeded consensus expectations. Annual market forecasts are challenging enough under normal circumstances, to say nothing of the unique environment of the past few years.

In publishing Perspectives we have a straightforward editorial guideline: ensure the narrative and opinions relate to our investment philosophy, our process and/or our portfolios; and depending on the topic, give our readers actionable take-aways. Our goal is to shed some light on how and why we come to our conclusions, and hopefully impart a sense of our consistent analytical framework.