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360 Insights

  • Cyborgs & Recessions

    Read as PDFPrint this Report With rapid advancements in technology computing power, we now have access to information that was once unfathomable. But having information and properly using information are two very different things. A successful investment strategy must combine the benefits of both humans and machines. Numerous economic indicators are flashing warning signs. Most...

  • Dipping Our Toes

    Read as PDFPrint this Report Prudent management of portfolios does not include an “all-in” clause. As the market continues to show resilience following the steep selloff in the fourth quarter last year, we are continuing to reallocate out of cash and into equity and other attractive investments. However, we’re not convinced we are out of...

  • Be Right or Make Money?

    Read as PDFPrint this ReportIt’s that time of year when all of Wall Street makes their predictions on where the markets are headed in 2019. But beware, you are being sold something and you may not recognize it. Plus, as bulls and bears continue their tango, we ask “Now What”? Evidence exists for both positive...

  • You’re a Mean One…

    Read as PDFPrint this ReportMarket stress continues, as the S&P 500 has fallen over 13% this month, and is on track to be the worst December in history. When used effectively, cash can be an incredibly effective way to manage risks during times of stress like we’re in now. We explore these uses, and look...

  • Nowhere to Run

    Read as PDFPrint this ReportOver the past 18 months, we have been preparing portfolios for what we view as the inevitable risk that assets begin to move in sync with one another. This is typical late cycle behavior, and one that poses difficulty for traditional portfolio management. This is now occurring, and we continue to...

  • Don’t be a Turkey

    Read as PDFPrint this ReportIn his excellent book “Black Swan”, Nassim Taleb wrote: “A turkey is fed for a thousand days by a butcher; every day confirms to the turkey’s staff of analysts that butchers love turkeys ‘with increased statistical confidence.’ The butcher will keep feeding the turkey until a few days before Thanksgiving. Then...