Most institutional investors evaluate active equity managers using Brinson-Fachler attribution or Fama-French factor models -- frameworks that explain performance after the fact but say little about the decisions that produced it.
Behavioral biases and cognitive depletion conspire to make exit decisions among the weakest areas of professional investor skill. The data -- and the habits of the world's best fund managers -- show there's a better way.
How G2's Josh Goldberg beat the odds and built a winning investment process
Stock Market Maestros: The Winning Habits, Strategies, and Mindsets of the World’s Best Investors, co-written by Essentia CEO Clare Flynn Levy and bestselling author Lee Freeman-Shor, is on sale now!
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.
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.
This quarter’s results show a shift in the drivers of decision-making skill — from stock selection toward capital-allocation and timing decisions.
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?
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.
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.
