Our Investment Philosophy
Most people want to believe in gurus. They think that market timing, stock selection and active management add value. The assumption they make is that smart investing is about selecting funds or investment managers that can outperform others.
This means speculation - making a judgment and only profiting if it proves correct. But speculating about the future is risky. The future is uncertain. And investment managers can't make promises about stock prices or personal performance. So basing portfolio choices on promises that can't be kept may not actually be that smart.
There's simply no credible evidence to support the idea that active management enhances investment results over appropriate index benchmarks. In fact, the overwhelming evidence is that neither individual stock selection nor market timing strategies add sufficient value consistently enough to outweigh their cost. Studies have shown that the odds of finding an active fund manager who will beat the index consistently are one in 38 - the same chances as winning at a roulette wheel.
Drawing on Nobel Prize winning research, we can dramatically change the way you think about investing, and how financial markets work. Armed with these insights and our expertise, you can make smart decisions about your money.