April 20, 2018 — We are frequently asked about the tax efficiency of our dynamic value-and-momentum investment approach. The concern is often that with estimated turnover of 50% - 100% per year, returns might be less tax-efficient than a simple static, buy-and-hold type of approach, which is generally recognized as the gold-standard of tax-efficient investing.1

April 19, 2016 — This article explores a globally diversified asset allocation strategy driven by value and momentum factors. The authors find that adjusting for value and momentum yields higher and better quality returns that are statistically and economically significant.

January 19, 2016 — A thriving investment manager started his presentation to a roomful of potential investors saying: ‘Before I tell you what I do, I’m going to ask and answer the most important question you should put to me. “Who is losing the money that I’m going to make for you?”

November 19, 2015 — For 15 years we have attributed the following quote to late economist Paul Samuelson, though, admittedly, we can't find a trace of it now. We remember him saying near the height of the technology bubble of 1999–2000, when stock prices were at astronomical heights, something along the lines of, "Market timing is an investing sin, and for once I recommend that you sin a little."