…excerpt from Mo Lidsky’s latest book, Partners in Preservation The simplest way to understand the progression from monitoring the portfolio (ensuring investment managers are doing what they said they were going to do and addressing issues as they...
By: Mo Lidsky Choosing best-in-class investments is difficult for many reasons. One, knowing the full range of options is very hard (perhaps even impossible). Two, the hardest part of this process is that these options must be considered simultaneously. For example,...
By: Mo Lidsky While the rise of robo-advisors has merit for many investors, for affluent investors with sophisticated portfolios investment decisions cannot be replicated with an algorithm, a database, or any piece of technology alone. There will always be those...
By: Mo Lidsky The Difference The difference between a carpenter and a general contractor is clear to most people. A carpenter is a craftsperson – a person who is responsible for carrying out the physical tasks required to build a structure. A contractor is an overseer...
It is generally unwise to argue with legendary investors like Warren Buffett and Peter Lynch, but I have a bone to pick with those two. In my humble and barely pubescent opinion, they have promulgated one of the most naïve notions in investing called home bias, and...
By: Mo Lidsky Most clients correctly understand that diversification among investments can decrease the risk of a portfolio. When most people think about diversification, however, they associate it with minimizing the volatility of a portfolio for a given level of...
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