Portfolio Construction
Our Base Portfolios
First let’s be upfront. There are lots of ways to manage money. Some are potentially better than others. There are also a lot of wrong ways. Most of the time failures evolve around becoming too greedy, too fearful, or a lack of patience.
Warren Buffett said many years ago – “When the market becomes expensive zip up your wallet and go away for a couple of years”. Not days or months!
Additionally, many lack the true knowledge of where long-term returns come from and their associated fundamentals. Information is benign if we can’t analyze and act on it in a reasonable time frame. A set of tools are needed that you trust and are based on solid academic and historical foundations. They must be applied consistently and be absent of behavioral biases typically found in investors.
