Elegant Posted on January 18, 2019August 17, 2026 By Matthew Garrott This is the third in a series of posts about my investing philosophy – Elegant. The investment process should be elegant, efficient, and low-friction. Before diving into what that means, Tadas at Abnormal Returns has collected posts that remember investing legend Jack Bogle, founder of Vanguard, who recently passed away. If you’ve… Read more
Fees & Costs Tone Deaf on ETFs Posted on October 23, 2017August 17, 2026 By Matthew Garrott A couple of major announcements in the Exchange Traded Fund (ETF) world last week: State Street announced that they slashed the expense ratios on a ton of their ETFs and TD Ameritrade added a ton of ETFs to their ‘no-commission’ platform. At first glance, this is great news. Cheaper beta… Read more
Fees & Costs Two Numbers You Need to Know Posted on May 30, 2017August 17, 2026 By Matthew Garrott How much is your electric bill? What about media (cable, Netflix, etc)? Or your phone bill? You probably have at least a general idea, and if you had to know the exact number, you could find it relatively easily. The two numbers you need to know in investing are how… Read more
Fees & Costs The Angels’ Share Posted on September 14, 2016August 17, 2026 By Matthew Garrott As a whisky (whiskey here in the States) matures, it loses about 2% of its volume to evaporation each year. Distilleries call this The Angels’ Share. They fill oak casks with a precious liquid knowing that each year part of their hard work will simply disappear. I can’t help but think… Read more