Most fund managers pick more losers than winners. That isn’t the problem.
Essentia’s latest Behavioral Alpha Benchmark suggests that payoff discipline -- and what managers do on the way out -- matters more than being right most of the time.
Once Bitten: Why Investors Won’t Buy Back a Stock That Burned Them
Every investor has a name or two they’ll never own again – and it’s rarely about the fundamentals.
Performance Attribution Beyond Brinson: How Decision-Based Analysis Reveals True Investment Skill
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.
Why Cutting Losses is so Hard – Especially Now
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.
Maestro Profile: Mission Impossible
How G2's Josh Goldberg beat the odds and built a winning investment process
Stock Market Maestros is Available Now
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!
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.
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.