Of Ghosts in the Machine: The Peril of Relying on a “Bought SunGard Asset Allocation Master”
Long-Term InvestmentI have seen many institutional investors, from pension fund managers to family offices, fall prey to the same seductive idea: […]
Long-Term Investment
The Art of the Mosaic: A Practitioner’s Guide to Bottom-Up Value Investing
Long-Term InvestmentI have always found my edge not in predicting the direction of the overall economy or the next market trend,
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The Corporate Balance Sheet: Navigating the Complexities of Underfunded and Overfunded Pension Plans
Long-Term InvestmentIn my years of analyzing corporate financial statements, I have found that few items are as consequential and misunderstood as
The Leveraged Income Illusion: Why I Advise Against Borrowing to Invest in Dividend Stocks
Long-Term InvestmentI have sat across from too many clients seduced by a seemingly elegant theory: borrow money at a low interest
The Leveraged Gamble: A Clear-Eyed Analysis of Borrowing to Invest in Index Funds
Long-Term InvestmentI have been asked about leveraged investing more times than I can count, often by intelligent, ambitious individuals who see
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The Leveraged Long Shot: A Frank Assessment of Borrowing to Invest in Index Funds
Long-Term InvestmentI have seen the temptation arise in bull markets. The market climbs, regret over missed opportunities sets in, and a
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The Calculated Risk: Should You Borrow Money to Fund Your Retirement Plan?
Long-Term InvestmentI have sat across from many clients who are filled with a potent mix of ambition and anxiety about their
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The Loan and The Lifeline: A Clear-Eyed Look at Borrowing Against Your Retirement Plan
Long-Term InvestmentI have sat across from many clients facing a financial crossroad. An opportunity or an emergency arises—a chance to buy
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The Conscious Growth Paradox: Navigating the Booster Socially Responsible Investment Growth Fund
Long-Term InvestmentI have watched the rise of socially responsible investing (SRI) and its evolution into Environmental, Social, and Governance (ESG) criteria
Boomer Retirement Planning: Navigating the Uncharted Territory of a 30-Year Retirement
Long-Term InvestmentI have guided countless Baby Boomers through the transition into retirement, and I can state with certainty that this generation
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Book Value Per Share: The Bedrock of Value Investing and Its Modern Limitations
Long-Term InvestmentI have spent my career sifting through financial statements, searching for the gap between a company’s market price and its
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Seeing Through the Noise: Why I Boo The Superficial Cash Flow Statement Analysis of Modern Value Investing
Long-Term InvestmentI have spent my career immersed in the world of value investing, a discipline built on the foundational principle of