Investment Philosophy
Philosophy Point 7
Taxes matter. A lot. Use tax-advantaged accounts wisely. Realize gains strategically. Harvest losses.
Philosophy Point 2
Thoughtfully allocate between equities (for growth) and fixed income (to reduce portfolio volatility) based on individual goals and risk tolerance.
Philosophy Point 1 Dropdown
Markets work well. They are powerful mechanisms for quickly and continuously aggregating the wisdom of crowds. Markets are highly “efficient,” meaning that the price of a market-based asset (stock, bond, etc.) already reflects all known information about that asset. In other words, the price of every stock already incorporates everything that is known about the […]
Philosophy Point 1
Markets are efficient. Respect the evidence: "beating" the market is highly unlikely and costly to attempt. Instead, fully capture market returns using passive/index funds.