September 13, 2017

…excerpt from Mo Lidsky’s latest book, Partners in Preservation

In their book, Switch, Chip and Dan Heath tell the story that may have changed the future of British Petroleum, the oil and gas giant better known as BP, and offered a timeless lesson for investors.

In the l...

August 18, 2017

...excerpt from Mo Lidsky's latest book, Partners in Preservation

A simple way to combat portfolio complacency is to ask a simple question: If I had to recreate my portfolio today, would it look the same? If the answer is no, it is time to consider some changes. This is...

August 10, 2017

...excerpt from Mo Lidsky's latest book, Partners in Preservation

The simplest way to understand the progression from monitoring the portfolio (ensuring investment managers are doing what they said they were going to do and addressing issues as they surface) to reb...

July 25, 2017

...excerpt from Mo Lidsky's latest book, Partners in Preservation

There is an old anecdote about several blind men in a room with an elephant. One man holds the elephant’s tail and thinks it is a snake. Another man touches the elephant’s leg and thinks it is a tree trun...

July 18, 2017

...excerpt from Mo Lidsky's latest book, Partners in Preservation

Choosing best-in-class investments is difficult for many reasons. One, knowing the full range of options is very hard (perhaps even impossible). Two, the hardest part of this process is that these options...

July 4, 2017

...excerpt from Mo Lidsky's latest book, Partners in Preservation

Proper due diligence may seem like an obvious need, but the unfortunate reality is that the critical task of due diligence rarely gets the time and attention it deserves. Yet, this step is truly what sepa...

June 20, 2017

...excerpt from Mo Lidsky's latest book, Partners in Preservation

There is no better sport of patience than baseball. Warren Buffett is often quoted on his advice to “wait for a fat pitch,” meaning that you should avoid pitches (i.e., oppor

tunities) that aren’t coming d...

June 16, 2017

...excerpt from Mo Lidsky's latest book, Partners in Preservation

While the rise of robo-advisors has merit for many investors, for affluent investors with sophisticated portfolios investment decisions cannot be replicated with an algorithm, a database, or any piece of...

May 23, 2017

...excerpt from Mo Lidsky's latest book, Partners in Preservation

From the day they are born, children have a proliferation of synapses in the brain. Until the age of three, more and more synaptic connections are formed each day. A toddler is estimated to have as many a...

May 16, 2017

...excerpt from Mo Lidsky's latest book, Partners in Preservation

Identifying the best-in-class investments is first and foremost about avoiding mediocrity. As a general rule of thumb in investing, if something is not a truly high-conviction opportunity, it is always be...

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