When an investor brings his portfolio to a new money manager or broker for advice, he naturally wants to know: what would you do differently than the guy who’s currently managing my money? The imperative to answer this question has given rise to an arms race in portfolio ...
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As I’ve written previously on our blog, one of the firms that makes a strong case for the value of actively managed investment portfolios is Vanguard. If this sounds paradoxical, it’s only because there’s a lot of public misunderstanding about what the debate over ...
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Should a wealth manager spend his time picking stocks or picking funds that pick stocks? I pose the question because at O’Brien Greene we pick stocks (and bonds and other publicly traded securities like real estate investment trusts or REITs) for our clients, and we think that this is a ...
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Benchmarking in most businesses makes sense. But in investment, it prompts investors to outsource their judgment to a few indexers that have become the world’s stockpickers of last resort. John Authers, Financial Times One of the best arguments for the success of active management as an ...
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Clients of O’Brien Greene have the advantage of owning their investments through separately managed accounts, which may be the best way to invest over the long term. Let me explain. In his 2011 letter to shareholders of Berkshire Hathaway, Warren Buffett defined “investing” ...
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