Philosophy

Priorities

Intergenerational equity

Our primary goal is to preserve the purchasing power of clients’ financial assets for future generations without depriving the current generation. This represents intergenerational equity.

Peer group performance

It is vital for organizations to consistently provide superior returns in order to maintain present donors and attract future donors. We strive for investment results that are in the top-half of the annual NACUBO Endowment Study and in the median results of Wilshire Associates’ TUCS analysis.

Pre-selecting asset managers to outperform market indices

In the most liquid financial markets, the probability of pre-selecting superior asset managers is slight. However, this remains the focus of many investment committees.

I own last year’s top-performing funds. Unfortunately, I bought them this year. Larry Swedroe Principal, Buckingham Asset Management

Capital markets

The only way to consistently outperform the capital markets is to exploit other investors’ mistakes. Charles Ellis Author, Winning the Loser’s Game

Capital markets have a history of rewarding investors for the capital they supply. Thousands of companies compete for investment capital, and millions of investors compete with each other to find the most competitive returns. Rather than trying to outsmart other investors, apply these principles:

Focus on asset class investing
Risk and return are related
Invest in the aggregate financial activity of the global economy
Take diversification to its logical conclusion: Design portfolios that use all of the world's major asset classes
Minimize costs

Capitalism works!

No one knows as much as all of us. Anonymous