What is Pat’s commentary for the week of July 14, 2015

A number of Inner Circle have asked two key questions about so-called “robo-advisors”—automated, Internet-based advisory/portfolio management services.

Question 1. Will robo-advisors offer valuable new investment avenues for individual investors?

They may offer beginning investors a more efficient, lower-cost investment approach, compared to what’s now open to them… Read More

What is Pat’s commentary for the week of July 7, 2015

Here’s the text of the quarterly letter I recently sent to our Portfolio Management clients:
“Most investors find they improve their investment results when they invest conservatively. Speculating can pay off from time to time. But the gains are generally too small and/or… Read More