February 16, 2024 — By Victor Haghani and James White [note]This not is not an offer or solicitation to invest, nor should this be construed in any way as tax advice. Past returns are not indicative of future performance.[/note] There are a number of ways an investment can go south, but getting the size of a trade wrong can convert even a good trade into a bad bet. That's the subject of our new article, "The Big Investment Mistake,"

December 1, 2023 — By Victor Haghani, Vladimir Ragulin and James White [note] This not is not an offer or solicitation to invest. Past returns are not indicative of future performance. We thank John Campbell, Jeffrey Rosenbluth and Mark Grinblatt for their help and encouragement. All errors are our own.[/note] In Lake Wobegon, all the women are strong, all the men are good-looking, and all the children are above average.  - Garrison Keillor In 1991, William Sharpe made perhaps

August 7, 2023 — We've all heard the mantra "Cut your losses early; let your profits run"...but does it really make sense?

August 1, 2023 — By Victor Haghani and James White Thank you to all our Elm investors who joined us for our mid-year call. If you'd like to watch or listen to the full recordings, you can find them here: Elm Investor Calls James White: So, we wanted to start with a quick review of the first half of the year. This is the asset allocation of the first half of the year, where the blue colors are fixed