31 December 2025 Behavioral Alpha Benchmark Ranking: A Tale of Two Firms
Our latest (three years ended December 31, 2025) Essentia Behavioral Alpha Benchmark ranking shows a pronounced downturn in decision-making outcomes across the ranked universe.
When Two Minds Make One Maestro
Adapted from Stock Market Maestros: The winning habits, strategies, and mindsets of the world's best investors, which will be published by Harriman House in March 2026.
Q3 2025 Behavioral Alpha Benchmark Ranking: From Selection to Execution
This quarter’s results show a shift in the drivers of decision-making skill — from stock selection toward capital-allocation and timing decisions.
Winners and Losers in a World Without Quarterly Reporting
The question of whether quarterly earnings reporting promotes or undermines long-term value creation is back on the table. With U.S. policymakers once again considering a shift to semi-annual reporting, it’s worth asking: what would such a change really mean?
From Lumberyard to Wall Street: The Investing Lessons of John Barr
Adapted from Stock Market Maestros: The winning habits, strategies, and mindsets of the world's best investors, which will be published by Harriman House in March 2026.
Book Excerpt: Wizards and Maestros
From Stock Market Maestros: The winning habits, strategies, and mindsets of the world's best investors, to be published by Harriman House in March 2026.
Q2 2025 Behavioral Alpha Benchmark Ranking: Adding Value
Reversing a downward trend, active equity manager decision-making added value in the three years ending 30 June 2025.
Book Excerpt: What Qualifies a Maestro?
From Stock Market Maestros: The winning habits, strategies, and mindsets of the world's best investors, to be published by Harriman House in March 2026.
Asking the Right Questions of Active Investment Managers
Knowing what to ask – and how to ask it – matter more than ever.
Q1 2025 Behavioral Alpha Benchmark Ranking: Skill Under Pressure
As decision-making scores extend a multi-quarter decline, skilled managers continue to stand out for their consistent performance.