2016 turned out to be a positive year that reinforced our expected dimensions of return. Small-Cap stocks outperformed their Large-Cap counterparts while Value stocks outperformed Growth. Throughout 2016 Brexit, China volatility, low oil prices and interest rates reminded us of the futility in trying to outguess the unpredictable yet efficient markets. The principles that drive our core investment philosophy have proven to be productive and consistent with the extensive academic they're based upon.
Our society teaches us to swing for the fences while ignoring the risk of striking out, but history reminds us that the crowd rarely wins. Those that invest unemotionally and against the grain usually come out on top. Our job is to help our clients invest against the grain and our goal is to outperform the crowd. Click the link to read the full version.