There is only one side of the market and it is not the bull side or the bear side, but the right side.

April 26, 2017
This classic sentence by Charles Dickens could easily be applicable to the past eight years in the investment business. As the market has continued to rise – now the second longest bull market ever - it has created the worst of times for investment managers. During the past six years no active manager has been able to outperform the S&P...