Focused investment thought pieces and published works
Why Investing Feels Awkward, and What To Do About It
Summary: Effective diversified investing – which spreads a portfolio of investments across multiple areas and asset classes, holds laggard securities, and rebalances to cull winners and add to losers – often feels awkward because it runs contrary to […]
Investment Themes
By Michael Ashley Schulman, CFA,
Managing Director, Senior Portfolio Manager at Hollencrest Capital Management,
Note:Â A variant of this paper was first published in Chapman University, Argyros School of Business and Economics, The Investment Review, Volume 2, May 2015;Â click here to download a PDF.
A lot happens and changes […]
Around the World with Investment Skeptics
by Michael Ashley Schulman, CFA,
Managing Director, Senior Portfolio Manager at Hollencrest Capital Management
February 2014
Note: Variants of this paper were first published in Chapman University, Argyros School of Business and Economics, Panther Financial journal, Volume 1, May 2014 http://www.chapman.edu/business/_files/jfc/2014-panther-financial.pdf
U.S. money managers may be the most skeptical investors in the world when it comes […]
The New Modern Global Magnates (MGMs) and Investing
Demographics and the $10 Billion Family
by Michael Ashley Schulman, CFA,
Managing Director, Senior Portfolio Manager at Hollencrest Capital Management,
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Note: Variants of this paper were first published in 1) U.C. Irvine’s, The Paul Merage School of Business, Center for Investment and Wealth Management, Wealth Management Frontier investment journal, June 2013, http://merage.uci.edu/journal/ciwm/july-2013/new-modern.html, […]
2013 Tax Policies and Portfolio Construction
By Michael Ashley Schulman, CFA
Note: This paper was first published in U.C. Irvine’s, The Paul Merage School of Business, Center for Investment and Wealth Management, Wealth Management Frontier investment journal, October 2012 http://merage.uci.edu/journal/ciwm/october-2012/2013-tax-policies.html
Summary:
New federal tax policies increase the incentive for tax-exempt return. This improves the appeal of tax-exempt municipal bonds, Master […]