Our goal is broad diversification by holding a large number of attractive stocks across all major economic sectors. Maximum size is determined by the security s weight in the benchmark. Portfolio rebalancing is entirely systematized and disciplined. Our valuation universe is evaluated regularly and all valuation criteria are updated. In assessing purchases and sales, we use realistic, empirically derived, stock-specific estimates of transaction costs.
Portfolios remain fully invested at all times.
To hell with a balanced portfolio. I want you to sell my Fenwick Chemical and sell it now . 20 statistical groups reflect long-term price movements. But we seek to squeeze out every penny of excess return while balancing multifaceted risk. Commissions and any soft dollars belong to our clients and are gladly directed at their request.