Portfolio Changes

We made several changes to our portfolios today. This was not in response to the fiscal cliff situation. We believe that fiscal policy will continue to be a contentious issue throughout at least the first quarter. Any deal reached today or this week will only be a band aid that allows the two parties to .. read more

Diversification vs. Concentrated Portfolios

-By Joseph Gomez There is a pretty public debate going on between Vanguard founder, Jack Bogle, and Mavericks owner, Mark Cuban.  In an interview in the Wall Street Journal, Cuban basically said, “buy and hold is a crock” and “diversification, that’s for idiots.” On the other hand, Bogle says that diversification generates returns while hedging .. read more