Has your investment philosophy/strategy changed over time, and if so, how?

The basic framework for our investment strategy has not changed over time. We are still pursuing statistically significant sources of higher expected returns. However, we continually adapt to new academic studies that have merit, survive transaction costs and increase our expected return profile. The most recent instance of this is when we implemented evaluating Value companies after the removal of Goodwill on the balance sheet. If you would like to learn more about how this can effect your portfolio’s overall return, book a meeting with us here.