Diversification Not Over-Diversification
When looking at an investor’s retirement through a multi-decade lens, having a lower cost, tax-efficient, income-producing implementation focused on the most efficient asset classes allows for maximum effectiveness.
Terminal Value: A Lesson in Asymmetry
We believe that at the forefront of any investor’s mind should be both the threat of principal erosion or permanent loss of capital and the significance of the pattern of their investment returns.
Alpha When You Need It Most
At Crawford, our strategies have far lower risk than the major market indices as measured by beta. And not only do our strategies have far lower risk, but they also produce positive alpha.
Quality: The Differentiated Investment Factor
We believe quality is a differentiated investment factor with various benefits including attractive long-term returns, protection in market declines, smoother patterns of return, and income production.
Top Ten Investment Lessons Learned
I was recently asked to give a brief presentation on an investment-related topic. What follows is my list of the top ten lessons I have learned throughout my years of working as both a portfolio manager and analyst.
Expect the Unexpected
At Crawford, our strategies are engineered to embrace the reality of uncertainty. We prefer to pursue an active management process that seeks diversification across sectors, industries, and position sizes.
Stocks: Rent, Own, or Just Stay in a Hotel?
If owning a stock with a six-month time horizon is analogous to renting, then options contracts can be compared to staying in a hotel.
It All Started with a Can of Beans
Here is a story of how an investor got his start and how it led to a love of investing that lasted a lifetime.
The Total Shareholder Return Trifecta
We invest to achieve an investment trifecta by selecting stocks that provide our investors with all three components of total investment return: fundamental business progress or growth, dividend yield, and valuation improvement
Don't Be Fooled By Dividend Hubris
Not all dividend-payers possess Dividend Integrity, and some actually exhibit what we call Dividend Hubris.
Dividend Integrity: Mitigating Risk & Adding Alpha
We believe Dividend Integrity is unique in that it favorably impacts return while also reducing risk.
Why Dividends Matter: Downside Protection
One of the more favorable aspects of investing in dividend-paying stocks is their ability to help protect capital in declining stock markets.
