October 15, 2018
The looming Savings Crisis is usually attributed to people not saving enough and making poor investment decisions with what they do save. We believe there’s another major culprit, which is […]
September 4, 2018
We are frequently asked about the tax efficiency of our dynamic value-and-momentum investment approach. The concern is often that with estimated turnover of 50% – 100% per year, returns might […]
August 30, 2018
We are often asked for our estimate of the long-term return of the equity market. Our framework currently indicates 5.3% above inflation for global equities, which we know strikes many […]
February 26, 2018
The ongoing attack on stock-picking waged over the past 65 years now clearly has the upper hand. Early combatants included Markowitz, Samuelson, Sharpe, Fama, and Bogle, and as testament to […]
May 8, 2017
“Mr. Haghani has been on an intellectual journey that, in many ways, mirrors the evolution and central debates of the modern investment industry…His mission is supported by research he and […]
December 9, 2016
We spend most of our time trying to identify good investments and assemble them into an attractive portfolio. The question of how much to invest in that portfolio usually doesn’t get […]
October 18, 2016
In a recent interview on Bloomberg TV, I was asked the question: “Should investors focus on fees or performance?” My answer was that, while in the end it’s all about […]
June 29, 2016
We offer US taxable investors a choice: a separately managed account at Fidelity, or a Delaware private Fund. (for US IRA investments, we only offer SMAs at Fidelity). The following […]
May 27, 2016
While past performance is not necessarily indicative of future returns, we draw comfort from knowing that the way we invest has done well over the past nearly one hundred years. […]
January 26, 2016
We just had a research paper accepted in SSRN’s elibrary. Click here for the abstract and the full 10 page paper. Here’s a snippet and some of our key conclusions: […]
December 4, 2015
This week we launched our online signup for investment into our Separately Managed Account’s. You can now invest with us here. The full press release is below. Elm Partners today […]
September 22, 2015
The most common map of the world is called the Mercator projection. It’s a compromise, as there is no perfect way to represent the shape, distance and land mass […]
July 18, 2015
Assets invested in Exchange Traded Funds (ETFs) just broke through the $3 trillion milestone, 25 years since their birth. At Elm Partners we use ETFs extensively, making up about 40% […]
July 15, 2015
Each of our strategies follows our rules-based asset allocation methodology, an approach we call Active Index Investing®. This note describes in detail the three main components of this approach: the […]
