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- We believe that science, discipline and patience are the cornerstones of successful investing.
- We believe that applying the most rigorous science of finance to portfolio construction, with multi-faceted diversification, is the best way to invest.
- We believe in a disciplined, quantitative approach. We do not believe that markets are predictable in the short term, and do not engage in momentum strategies or chasing returns.
- We believe that minimizing fees, taxes, and transaction costs are imperative in order to achieve your investment goals.
- We believe that risk is not one-dimensional. Investors experience several types of risk and the markets are subject to many sources of risk. Proper portfolio construction must consider all relevant sources of risk, not just volatility. This can only be achieved with completely customized, individually crafted portfolios - not with black boxes or pre-fabricated solutions.
- We believe that risk and return are related and the purpose of taking risk in a portfolio is to increase the rate of return. We understand that not all risks are created equally and we focus on those that properly compensate you, such as company size and the value factor. Efficiency means spending your "risk dollars" wisely, to increase expected return without increasing overall portfolio risk.
- We work for our clients and only our clients. We do not receive trailer fees, commissions, or sell products or securities. We are not financially motivated to generate transactions. We simply build portfolios to meet your objectives, and we do it for one, fully-disclosed fee.
- We believe in building long-term relationships with our clients and helping you stay focused on - and achieve - your goals.
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