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Investment Insights
321 Results-
![2nd Quarter 2022 - Pendulum]()
11 Jul, 20222nd Quarter 2022 - Pendulum
Aristarchus of Samos was the first to propose a heliocentric model of the universe, 2,300 years ago. Observing the time it took for the Earth's shadow to engulf the Moon during a lunar eclipse, Aristarchus applied some basic geometric calculations...
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![Shelter from the Storm]()
21 Jun, 2022Shelter from the Storm
The next decade is going to look very different from the previous 10 years for endowments and foundations, in particular higher-ed institutions. Angeles Investments Managing Director Garry Duncan offers a view of the storm that lies ahead.
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![Yellow Flag]()
10 May, 2022Yellow Flag
When cars crash in an auto race, the yellow flag comes out. This requires drivers to slow down and stay in their positions, allowing time for the crews to move ...
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![Beach Reading]()
23 Apr, 2022Beach Reading
The Lincoln Highway, Amor ...
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![1st Quarter 2022 - Shattering]()
11 Apr, 20221st Quarter 2022 - Shattering
So much of our world seems to be shattering around us. This letter, Shattering, looks at another period where old orders were collapsing through the life of an extraordinary woman who shattered stereotypes.
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![Angeles 2021 Diversity, Equity, and Inclusion (DEI) Annual Report (12-31-21)]()
22 Feb, 2022Angeles 2021 Diversity, Equity, and Inclusion (DEI) Annual Report (12-31-21)
In the twenty years since we founded Angeles Investments with Leslie Kautz, it has been abundantly clear that the quality of our team is not only one of our strongest competitive advantages, but also key to cultivating... Updated 12-31-21
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![Angeles 2022 Long Term Capital Market Assumptions]()
18 Feb, 2022Angeles 2022 Long Term Capital Market Assumptions
This report presents Angeles Investment Advisors' updated capital market assumptions as of January 2022. These assumptions are used in asset allocation modeling for our clients over a long-term horizon (>10 years).
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![Fireside Reading]()
8 Feb, 2022Fireside Reading
It's beach weather in LA this week, but in deference to the rest of the country, we'll stay with Fireside Reading. Three amazing novels and one fast-paced ...
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![4th Quarter 2021 - Optics]()
12 Jan, 20224th Quarter 2021 - Optics
Euclid wrote Elements 2,300 years ago. It consists of thirteen volumes of mathematical proofs, essentially inventing the field of geometry. It is the foremost work of deductive reasoning, the use of logic to establish hypotheses or proofs.
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![Rick]()
16 Dec, 2021Rick
To fail or to suffice? It doesnt quite have the cadence of Shakespeare, admittedly. It is not the existential question that grips (and eventually destroys) ...
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![Beach Reading]()
12 Nov, 2021Beach Reading
I was expecting this to be a Fireside Reading post, but we are having a heat wave in Southern California that is sending me to the beach. So here are a few ...
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![Basketball is Life]()
28 Oct, 2021Basketball is Life
The last commencement address I gave was in 1978. No one remembers what I said. I know this for three reasons:1. I dont remember what I said2. No one remembers ...
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![3rd Quarter 2021 - Eternity in an Hour]()
5 Oct, 20213rd Quarter 2021 - Eternity in an Hour
One day, after school, Pablo strolled along La Rambla, the wide, tree-lined pedestrian street that runs from the harbor to the Placa de Catalunya, Barcelona's central plaza. He wandered into a used bookstore, and in the back of the store, buried...
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![Fee Analysis: Mapping for a Better Future]()
27 Sep, 2021Fee Analysis: Mapping for a Better Future
High fees can eat away at an investorÃs total return, disadvantaging retirement plan participants and creating potential legal risk for plan sponsors. Read our latest case study to learn how Angeles works with retirement plans.
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![Angeles Responsible Investing Policy - 2021]()
9 Aug, 2021Angeles Responsible Investing Policy - 2021
Angeles views the adoption of responsible investing practices as integral to aligning our oversight and management of client assets with the important missions and values of our clients. This policy articulates some of the specifics of how Angeles...
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![Beach Reading]()
29 Jul, 2021Beach Reading
A few more outstanding books for your summer reading ...
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![2nd Quarter 2021 - All in the Stars]()
7 Jul, 20212nd Quarter 2021 - All in the Stars
Concrete has been used as a building material since the Roman Empire 2,000 years ago. It has high compressive strength (it doesn't crack under heavy loads) but low tensile strength (it breaks easily when pulled), and its use waned in the...
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![A Framework for Evaluating OCIO Performance]()
21 May, 2021A Framework for Evaluating OCIO Performance
Read our latest whitepaper to learn why Angeles believes clients should insist upon GIPs compliant performance when evaluating an OCIO.
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![Beach Reading]()
29 Apr, 2021Beach Reading
Beach weather is upon us in Southern California, so here are some book suggestions from my last few months of reading. ...
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![1st Quarter 2021 - Cognitive Dissonance]()
5 Apr, 20211st Quarter 2021 - Cognitive Dissonance
Surgery is painful, which is why humans have experimented with various forms of anesthesia for millennia. Herbal remedies and alcohol were probably used pre-history, opium was cultivated by the Sumerians 4500 years ago, and Peruvians were chewing...
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![With A Little Help From Our Friends]()
1 Apr, 2021With A Little Help From Our Friends
For us at Angeles, it was exactly twenty years ago, today, that we opened our doors and began our new venture. Leslie, Howard, and Michael were joined on Day One by Anna (because we needed someone who could do the actual work), and Sandra joined...
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![A New Framework to Strategic Asset Allocation]()
18 Feb, 2021A New Framework to Strategic Asset Allocation
The purpose of an investment portfolio is to support current and future spending. Some spending may be known and near-term: beneficiary payments (in the case of a pension fund), current operational expenses (in the case of an endowment) or...
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![Resilia - Philanthropy Report 2021]()
11 Feb, 2021Resilia - Philanthropy Report 2021
While 2020 was in many ways unprecedented, it's important to consider the ways in which the underlying causes of the upheaval we've witnessed aren't new at all.
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![Stop the Game!]()
31 Jan, 2021Stop the Game!
Jesse Livermore was a legendary stock trader of the early 20th century. Mere rumors of his involvement in a stock could send its share price soaring.Back then, ...
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