White Papers

Focused investment thought pieces and published works

Why Investing Feels Awkward, and What To Do About It

June 29th, 2016|by Michael Ashley Schulman, White Papers|

Citrus on a Shelf by Michael AshleySummary: 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

April 6th, 2015|by Michael Ashley Schulman, White Papers|

By Michael Ashley Schulman, CFA,

Managing Director, Senior Portfolio Manager at Hollencrest Capital Management,

Note: A variant of this paper was first published in Chapman University, Argyros School of Business and Economics, The Investment Review, Volume 2, May 2015; click here to download a PDF.

A lot happens and changes […]

Around the World with Investment Skeptics

February 6th, 2014|by Michael Ashley Schulman, White Papers|

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

August 30th, 2013|by Michael Ashley Schulman, White Papers|

Demographics and the $10 Billion Family

by Michael Ashley Schulman, CFA,

Managing Director, Senior Portfolio Manager at Hollencrest Capital Management,

 

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

September 30th, 2012|by Michael Ashley Schulman, White Papers|

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 […]