We consider ourselves investment
professionals rather than asset gatherers. We do not try
to grow our business by selling investment "products."
Instead, we focus on obtaining the
best investment results we can for our clients,
consistent with their individual needs and
To measure our progress, we have tracked the
net of fees performance of
individually managed accounts since the mid 1980s, long before it
was common to do so.
Clients are encouraged to discuss with
us the long-term performance of their accounts.
Past performance, of course, does not
guarantee future results.
How do I tell
what is a good performance?