We've been trying to offer our clients electronic quarterly reports for over ﬁve years. We've tried countless systems and found them all wanting. However, we've ﬁnally found one that meets our standards and are proud to roll it out to…
At a recent lecture I gave in my Science and Art of Investing course at UCLA, my students came up with three significant financial calamities that they feared could derail the world's investment markets. These included the prospect of US debt burdens rising to unrecoverable levels and European economies and the euro falling apart. This quarter's CIO message offers compelling counter-arguments to each of these prognoses.
With interest rates so low, the Abacus Investment Committee has been devoting a lot of thought to how we can increase the current yield on our portfolios. Unfortunately, each move we can make to increase yields would also increase one or more risks. Here’s some detail on bonds, and alternatives we’re considering.
My mom tells me that we had the “birds and bees” talk following an after-school TV special. I must have blocked it out. While I don’t recall any discussions about how my life began, that won’t stop me from having “the talk” about the ﬁnal years of her life.
In November 2011 our Investment Committee gathered for a two-day off-site retreat, specifically for "big-picture" discussion, and to review the specific investment vehicles we use in every asset class we recommend to clients. We also considered whether to include new asset classes. We surveyed a vast amount of academic literature in advance, and invited four guest speakers on specific topics. The 29 pages of written minutes generated many actions we're taking now, actions we may pursue as we investigate the practicalities, and several other areas for further investigation. We devoted considerable attention to coming up with long term expectations for future investment rates of return.
At a silent auction to raise money for one of my favorite charities, I ﬁxated on a piece of art. I loved it. At last, I would have some great art for the blank space in my new living room.
The film Moneyball is about baseball. But it’s equally about the investment strategy that has made the clients at Abacus successful. Billy Beane, the Oakland A’s manager, selected the best players based not on their appeal, but strictly on the numbers.
This summer, my wife and I learned to sail. Our instructor, Ben, told us this amazing story: The ﬁrst time Ben worked on a sailing crew, they were docked in the Dominican Republic when they learned that a major storm was on its way. The captain announced that they were immediately setting out to sea.
To give or not to give allowance, that is the question! While many of us have heard of the one dollar per week per age of the child, a client told me about an alternative way of doing allowance that…
It is with profound sadness that we say goodbye to our long-term colleague, Suzanne Lawrence. She died of cancer on April 27th at 9:30am. Suzanne was a person of great integrity, commitment, and warmth, and a trusted Client Services Associate and Manager of Operations for Abacus for over thirteen years. She taught us how to slow down in this fast world, and deliberated thoroughly before making important decisions.