Core Equity

Never confuse genius with a bull market.  Managing  portfolios is like herding cats, you never really know what to expect next.  Wars, rumors of wars, bankruptcies, strikes, new better products, management changes, recessions, diplomatic flair ups, changes in government and God knows what consistently batter stock prices as these ownership shares and debt obligations change hands in auction markets.  It seems like a hopeless task.  However, over the years we have developed a management style and techniques that have served us and our clients well. Read on to see how we can help you.

We are not perfect but we are intellectually honest, experienced and hard working. We are fiduciaries in the finest sense of the word. Over the years, we have developed a combination of  quantitative and fundamental techniques that allows us to manage portfolios of marketable securities by taking  advantage of the two to five year favorable trends inherent in equity market prices.  At the same time, we use these techniques to reduce near term price risk.  Simply put, we develop a diversified list of stocks of corporations that have reasonably predictable better than average results, use valuation techniques based on principals espoused by Nobel Laureates Franco Modigliana, Mertin Miller and James Tobin to price stocks for the portfolios, and sell positions which reach a preset price target or whose underlying company disappoint.

We could wax eloquent about the sophistication of our mathematical techniques, the depth of our research and the many years of experience of our professional staff managing both personal and institutional assets.  However, we expect this will either bore or confuse you. Nevertheless, we wish to point out that mathematics is the science of patterns and we use these patterns to ferret out as much useful and objective investment information as practicable.  This lends an objectivity to our decision process which separates us from our competitors.