Strategies

The word that sums up 2011 to us is “hubris" - amazing amounts of it slimed the markets in all corners of the world.

This year, I plan on slightly adjusting my sell side algorithm.

My goal is to beat the S&P 500 by at least five percentage points on an annualized basis over the coming five years.

Our foremost belief is that over time stock price follows earnings growth.

Owning MREITs will always require nimble management by the investor, and that’s our charge as a portfolio manager.

We need to see positive momentum in economic reports for both consumer and business spending.

The spread on risk arbitrage opportunities seemed to shrink over 2011, and tender offer opportunities became scarce.