Snap, Pop, No Crackle

By | March 14th, 2017|Advisor Insights|

Even if you’re not one of 158 million people who use Snapchat on a daily basis, you probably know that the parent company of the disappearing photo-and-video app went public last week. As it happened, Snap and its bankers priced the much-coveted IPO Wednesday night at $17 a share, only for the stock to open [...]

Face Value

By | February 27th, 2017|Advisor Insights|

Pop Quiz: Who famously said: “If you want to have a better performance than the crowd, you must do things differently from the crowd." Circle the correct answer. A: Benjamin Graham B: John Templeton C: Warren Buffett While each choice represents a great investor, a great value investor more specifically, market veterans will recall this [...]

All That Twitters Is Not Gold

By | February 13th, 2017|Advisor Insights|

Question: What do the current Prime Minister of Australia, the former governor of California, and future federal funding for UC Berkeley have in common? Hint: messages from the White House in a limited number of characters. Yep, all three have been subjects of at least one tweet from President Trump over the last few days. [...]

Slow on the Draw(downs)

By | January 31st, 2017|Commentary|

HOW MUCH YOU MAKE DEPENDS A LOT ON HOW MUCH YOU DON’T LOSE Much has been written about the mathematics of how large losses and outsized volatility impact investment returns. Not surprisingly, there are a number of fairly complex formulas that calculate a number of fairly complex measures -- high-minded things like drawdown size, [...]

Defying Gravity

By | January 31st, 2017|Advisor Insights|

Unless you’ve been on a seemingly routine spacewalk and your shuttle was destroyed, you’re probably aware that the Dow Jones Industrial Average just closed above 20000. Who on earth isn’t? That’s because the ageless index attracts an outsized level of attention whenever it clears a thousand-point hurdle. Fact is, though, there’s really nothing magical about [...]

A Bit Too Much

By | January 17th, 2017|Advisor Insights|

Other kids' games are all such a bore! They've gotta have rules and they gotta keep score! Calvinball is better by far! It's never the same! It's always bizarre! — Excerpt from the Calvinball theme song For reasons known only to Calvin and his anthropomorphic buddy Hobbes, cartoonist Bill Watterson concluded his popular cartoon strip back [...]

William Davis Named as Chief Marketing Officer

By | January 11th, 2017|Press Release|

Fund Architects LLC, a provider of investment portfolios dynamically constructed to capitalize on shifting global markets, today announced that William Davis has joined the firm as Chief Marketing Officer and a member of its Investment Committee. Mr. Davis will immediately begin working with Burt Snover, President of Fund Architects, and Daniel Snover, the firm’s Deputy [...]

Happy Old Year

By | January 4th, 2017|Advisor Insights|

“Auld Lang Syne", as you might know, is an old Scots poem set to the tune of an old Scots folk song. Which means the old Scots words are incomprehensible anywhere outside of a few pubs along the Firth of Clyde. As a result, the song's title has been translated into standard not-Scots English as [...]

How Things Work

By | December 20th, 2016|Advisor Insights|

Like science, movie trivia, and hitting a curveball, investing knowledge is supposed to be cumulative. All of us, in other words, have opportunity to benefit from those who have already learned — and taught — how things work. “You must weigh not only the alluring probabilities of being right, but the dire consequences of being [...]

Still Crazy After All These Years

By | December 6th, 2016|Advisor Insights|

In case it’s not on your calendar, today marks the twentieth anniversary of Alan Greenspan’s famous “irrational exuberance” speech. Legend holds that the Fed chairman, who was thought to be around 120 years old at the time, came up with the term one morning while writing a speech in his bathtub. Good luck getting that [...]