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Author: Topturn Capital

What’s the Toughest Wave to Ride?

The toughest kind of wave to ride is the one you don’t know you’re riding… until you’re in it. Once you’re in it, you’re in. You’re going to get roughed up.  You’re going to be initiated. Growing up in Southern California, my...

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Brexit Commentary

Brexit has surprised much of the world. By now you’ve likely read commentary professing all sorts of different perspectives on the long term effects of the referendum results. You may be wondering about our views regarding this...

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Coin Tosses and Acorn Counting

At a recent conference, a professor was discussing the withdrawal rates inside Monte Carlo simulations, which are popular in the financial planning world.  In these simulations, a portfolio is developed, historical returns are...

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Coke or Pepsi?

One of the major criticisms of hedge funds is that fees are higher than those of traditional strategies. However, it’s important to focus on the correct part of the equation. Are fees more important than performance? How...

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Chess Strategies

We are in a period of time where buy-and-hold returns from traditional asset classes are predicted to be very low in real terms. This is simply a matter of valuation. Equities and fixed income markets aren’t generating very much...

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