At Springwater, we build portfolios based on the science of capital markets to deliver a better investment experience for our clients. We know that you don’t need to accurately predict the future to deliver successful long-term performance.

With the market again near an all-time high, we thought it would be prudent to review some comments by Eugene Fama about investing styles, and the futility of active strategies like stock-picking and market-timing. Professor Fama is professor of finance at the University of Chicago, and a recent Nobel laureate. He is widely regarded as one of the leading thinkers in the field of financial economics.

You can read an excerpt of his comments at the September 2014 Morningstar ETF Conference here.