PUTTING YOUR MONEY WHERE YOUR VALUES ARE: PWL embraces “values-based investing” anchored in “evidence-based principles”, explaining the concept of ESG INVESTING. PWL’s “Starting Point” ESG Portfolio may, or may not, be perfectly aligned to your own investment objectives, but the point of it is to show that today, even small investors have the means to..
Volume 4 / Issue 1 HERE’S THE THING! Creating a sophisticated portfolio to meet your unique investment needs is considerably simpler, and cheaper today, than at anytime in the history of investing. You don’t need to choose, or even think about choosing, securities. And you don’t need to pay huge fees to retain someone to..
Volume 3 / Issue 4 HERE’S THE THING! A good part of your active manager’s return is a function of the broad market in which she invests; we call that “Beta”. Another portion of your active manager’s return derives from her unique investment “Style”. Broad market “Index Funds” can capture the Beta portion of your..
Volume 3 / Issue 3 HERE’S THE THING! SPIVA has reported corrections to some data I used in January’s Quaero JOURNAL . Corrected here, with the help of Professor Amin Rajan, I expand on the active/passive issue in an investment world radically disrupted over the past decade. Back in January, “In the bleak midwinter, Frosty..
Volume 3 / Issue 2 HERE’S THE THING! Everybody says their clients’ interests come first, but how many investment managers actually put their money where their mouth is? And how do you measure an investment manager’s client service ethic, anyway? Alright, let’s get to it . . . in prior issues of Quaero JOURNAL I promised to..
– New developments mean it is more important than ever for investors to understand the fees they are paying active managers by Dan Brocklebank, Orbis Investments / THE OBSERVER – ACPM/ACARR. A heated debate Few debates in the investing world get as heated as fees. Clients howl at being ripped off, while cozy active managers..
Volume 3 / Issue 1 HERE’S THE THING! Look . . . if you think stock picking is tough, try picking investment managers! Past performance is no guarantee of future results and sophisticated statistical analysis lends little more assurance. No one knows how a manager’s investment style will hold up in changing market conditions, nor..
Volume 2 / Issue 4 HERE’S THE THING! “This is not just an individual investor issue; this is really a social issue.” Larry Bates As I patiently await the launch of my brand-new website (https://quaeroinvest.com/) it strikes me that a posting to Quaero JOURNAL is long overdue. I should be more disciplined about writing—the best..
Volume 2 / Issue 3 HERE’S THE THING! Ask an investor friend of yours to tell you how much she is paying in fees and costs for services provided by her asset manager. And if she gives you a sensible answer, ask her to distinguish between custody, transaction costs, investment management and other fees and..
Volume 2 / Issue 2 HERE’S THE THING! There is a populist revolution underway worldwide. It is a largely peaceful revolution with some very surprising twists and turns and a sense of foreboding and uncertainty in the minds of many. We should not be intimidated by what we heard and saw through two years of..
