Investment Philosophy

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These are the core beliefs about investing that guide our investment process:

• Markets Work: Markets have a history of rewarding investors for the capital they supply. Companies compete for investment capital and millions of investors compete for the most attractive returns. Markets quickly incorporate information from this competition into security prices.
• Diversification: Diversification by asset class provides investors with some control over portfolio risk. Diversification by security enables them to capture broad market forces while reducing the uncompensated risk associated with individual securities.
• Investors Versus Speculators in the Long Run: Traditional investment approaches strive to beat the market by taking advantage of perceived pricing "mistakes" and attempting to predict the future. These approaches could prove to be costly and futile. 
• Focus on Your Plan: An investment plan based on the science of investing frees you to focus on other things. Let the markets work for you by taking advantage of sensible, well-diversified, low-cost portfolios backed by research.