As wealth grows, so do the stakes of every investment decision. A single concentrated position, a poorly timed trade or an overlooked tax consequence can cost far more than it would for the average investor. Professional investment management brings structure, discipline and expertise to your portfo...

"Your Home Is Your Biggest Asset"... Or Is It?

Real estate has become a quasi-obsession in the United States, especially after some significant drawdowns in the stock market.  The truth is that real estate is a poor investment for most investors.   

You hear a lot that your home is your largest as...

This is part II of “What We Are Doing in A Likely Low Future Returns.” You can read that here.

In part I of this memo, I detailed how current valuations suggest that future returns will be downright terrible. Goldman Sachs recently updated their projections, which suggest only 3% nominal returns pe...