Get Rich Slowly: A Look Back

July 31st, 2018  | by William Spitz

In 1992, I published an investment book called Get Rich Slowly that was designed primarily for individual investors. As you will see in a moment, the gist of the book should be very familiar to Diversified Trust clients and friends because the principles underlying its recommendations helped form the investment philosophy that our firm employs. …

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“The Theory of Everything” – A Discussion of the Time Value of Money

June 28th, 2018  | by William Spitz

The Theory of Everything This enjoyable movie chronicles the work of the late physicist Stephen Hawking in his quest for a unified theory of the universe.  He was searching for a single theory that would at the same time explain the movement of sub-atomic particles on the one hand, and the behavior of stars and…

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Bitcoin, Blockchain, and Bubbles

January 5th, 2018  | by S. Morrow Bailey

Bitcoin (BTC) is a decentralized application that enables trust-minimized payments to anyone, anywhere in the world. BTC transactions are recorded on a blockchain, a distributed ledger controlled by no single entity. A good way to think about BTC is as a computer program that, like any program, just abides by the rules its creator promulgates….

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What Does It Mean To Be A Fiduciary?

November 2nd, 2017  | by James Ramsey & William Spitz

As a trust company, our daily lives revolve around serving as a fiduciary for our clients, so all of our associates are well versed in the duties and responsibilities.  But we are aware that many of our clients also serve in fiduciary roles.  Even if not serving as a fiduciary in a legal sense, it can…

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“Passive” Investing is NOT Passive

September 22nd, 2017  | by Andrew Berg

In 1976, John Bogle established the first passive index fund (what is now the Vanguard 500 Index Fund). Decades later, the concept of “passive investing” and the utilization of index funds is dominating headlines and gaining momentum amongst investors more than ever before.  Mutual funds, exchange traded funds (“ETFs”), and exchange traded notes (“ETNs”) that…

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