How We Invest

  1. We avoid chasing past performance.
  2. We don’t try to outguess the market.
  3. We believe in holding securities across many market segments to reduce risk.
  4. We avoid market timing.
  5. We believe markets reward long-term investors.
  6. We believe in managing taxes, turnover, and expenses.
  7. We use index funds to establish a portfolio’s foundation.
  8. There is academic research on what drives returns. In portfolios we construct, we pursue higher expected returns based on that research.