INSIGHTS
Why Settle for Average?
By: Matt Garrott Capital Group is pushing back hard against the passive investing crowd. They make the case that some basic screens (low expenses, manager investing in their own fund, etc) can reveal good managers. I agree with that. The screens I use at Fairway are kind of [...]
No One Expects a 40% Return for the S&P 500 This Year
By: Matt Garrott No One Expects a 40% Return for the S&P 500 This Year I defy you to find a pundit optimistic about the stock market. Is anyone predicting double digit returns? Low to mid-single digits seems to be the popular view among those shouting the loudest. [...]
Hedge Funds, Buffett, and Dumb Luck
By: Matt Garrott As usual, Warren Buffett’s letter to shareholders of Berkshire Hathaway is a must-read. It is well known that he advocates low-fee indexing for most investors. As his famous bet with a hedge fund of funds manager winds down, Buffett unleashed both barrels on high-fee money [...]
Accurate Ambiguity
By: Matt Garrott Punxsutawney Phil practices accurate ambiguity. The vast majority of the time, he sees his shadow. This portends 6 more weeks of winter, generally lining up with the Spring Equinox. What a great strategy. Winter usually lasts 6 more weeks so predict 6 more weeks of [...]
Trump Portfolio
By: Matt Garrott We’ve witnessed the peaceful exchange of power in the most powerful country on the planet. Now, how do we create a “Trump Portfolio” of only the best, really the greatest, everybody says so securities? Does it make sense to overweight small cap manufacturing stocks that might benefit [...]
Market Commentary Q4 2016
By: Matt Garrott What Happened in 2016 The stock market started the year on the wrong foot with a 10% drawdown. It was the worst start to a calendar year ever and prompted knee-jerk reactions such as the RBS note for their clients to “sell everything”. [...]