Two years ago, almost to the day, I wrote about the Puerto Rican debt crisis and how mutual funds had foolishly loaded up on high-yielding, risky Puerto Rican debt. Thus investors who thought they owned, say, Virginia municipal bonds, actually had 50% or more of their assets in Puerto Rican ...
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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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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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We’ve written a number of skeptical posts on the recent broker-led push for “liquid alternatives,” which are hedge funds investment strategies offered through mutual funds. Now comes this report from Bloomberg News that Goldman Sachs is considering buying IndexIQ, a firm that ...
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