hmorgan

Get Your Rally Shoes On Because This Rally's Got Legs

Excellent Comment Daniel. There is quite often confusion about the name of my firm. My belief in the Efficient Market Hypothesis relates to individual stock selection. (Hence the use of index based ETFs)
Having spent a long time in the actively managed world I make this statement from more than just academic theory. I do believe that Asset Allocation determines 94+% of a portfolios total return. For this reason we put the lion's share of our effort into the strategic and tactical elements of Asset Allocation, and hence the interest in fundamental data.

I hope that clarifies things. Again, thank you for your question.

Herb