Eamon Capital Management

10/12/2026

A 10-11% return would've been considered outstanding in almost any decade. Next to this year's stock market, it can look "subpar." It's not: it's a distortion of comparison, not a problem with the portfolio. Read the full post: https://eamoncap.com/the-science-behind-optimal-portfolio-construction/

10/05/2026

𝗧𝗵𝗲 𝗦&𝗣 𝟱𝟬𝟬 𝗵𝗮𝘀 𝗮𝘃𝗲𝗿𝗮𝗴𝗲𝗱 ~𝟭𝟬%/𝘆𝗲𝗮𝗿 𝘀𝗶𝗻𝗰𝗲 𝟭𝟵𝟮𝟬 (about ~7% after inflation). Right now, portfolios with 20–30% bond exposure are generating nominal returns in that same range, with a fraction of the volatility. 𝗧𝗵𝗲 𝗺𝗮𝘁𝗵 𝗵𝗮𝘀 𝘀𝗵𝗶𝗳𝘁𝗲𝗱. 𝗬𝗼𝘂𝗿 𝗽𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼 𝘀𝗵𝗼𝘂𝗹𝗱 𝗿𝗲𝗳𝗹𝗲𝗰𝘁 𝘁𝗵𝗮𝘁. Read the full post: https://eamoncap.com/the-science-behind-optimal-portfolio-construction/

09/07/2026

07/04/2026

Happy 4th!

06/30/2026

When a handful of mega‑cap stocks dominate returns, passive portfolios become increasingly concentrated. 𝗔𝗰𝘁𝗶𝘃𝗲 𝗺𝗮𝗻𝗮𝗴𝗲𝗿𝘀 𝘄𝗶𝘁𝗵 𝘃𝗮𝗹𝘂𝗮𝘁𝗶𝗼𝗻 𝗱𝗶𝘀𝗰𝗶𝗽𝗹𝗶𝗻𝗲 𝗮𝗻𝗱 𝗿𝗶𝘀𝗸 𝗮𝘄𝗮𝗿𝗲𝗻𝗲𝘀𝘀 𝗰𝗮𝗻 𝗱𝗶𝘃𝗲𝗿𝘀𝗶𝗳𝘆 𝗮𝘄𝗮𝘆 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲𝘀𝗲 𝗿𝗶𝘀𝗸𝘀 𝗮𝗻𝗱 𝗽𝗿𝗼𝘁𝗲𝗰𝘁 𝗰𝗮𝗽𝗶𝘁𝗮𝗹 𝗶𝗳 𝗹𝗲𝗮𝗱𝗲𝗿𝘀𝗵𝗶𝗽 𝘀𝗵𝗶𝗳𝘁𝘀.

06/24/2026

Active managers often lag slightly in euphoric markets because they avoid the most speculative areas. But when markets correct, that discipline pays off. 𝗢𝘃𝗲𝗿 𝘁𝗶𝗺𝗲, 𝘁𝗵𝗲 𝗰𝗼𝗺𝗽𝗼𝘂𝗻𝗱𝗶𝗻𝗴 𝗲𝗳𝗳𝗲𝗰𝘁 𝗼𝗳 𝘀𝗺𝗮𝗹𝗹𝗲𝗿 𝗱𝗿𝗮𝘄𝗱𝗼𝘄𝗻𝘀 𝗼𝘂𝘁𝘄𝗲𝗶𝗴𝗵𝘀 𝘁𝗵𝗲 𝗰𝗼𝘀𝘁 𝗼𝗳 𝗺𝗶𝘀𝘀𝗶𝗻𝗴 𝘀𝗼𝗺𝗲 𝘂𝗽𝘀𝗶𝗱𝗲.

What guiderails are you using to support risk management?

06/09/2026

𝗧𝗵𝗲 𝗯𝗲𝘀𝘁 𝗮𝗰𝘁𝗶𝘃𝗲 𝗺𝗮𝗻𝗮𝗴𝗲𝗿𝘀 𝗳𝗼𝗹𝗹𝗼𝘄 𝗮 𝗱𝗶𝘀𝗰𝗶𝗽𝗹𝗶𝗻𝗲𝗱, 𝘁𝗿𝗮𝗻𝘀𝗽𝗮𝗿𝗲𝗻𝘁, 𝗮𝗻𝗱 𝗿𝗲𝗽𝗲𝗮𝘁𝗮𝗯𝗹𝗲 𝗽𝗿𝗼𝗰𝗲𝘀𝘀. They don’t rely on one‑off bets or market timing. They rely on research, valuation, and risk management.

Evaluating repeatability requires deep due diligence — is your advisor asking the right questions?

06/03/2026

𝗧𝗿𝘂𝗲 𝘀𝗸𝗶𝗹𝗹 𝘀𝗵𝗼𝘄𝘀 𝘂𝗽 𝗶𝗻 𝗰𝗼𝗻𝘀𝗶𝘀𝘁𝗲𝗻𝗰𝘆. A value manager should behave like a value manager. A quality manager should stay focused on quality. Style drift is one of the biggest destroyers of long‑term results.

A skilled advisor monitors for style consistency and avoids managers who take hidden risks to keep up with benchmarks.

05/19/2026

Indexes must hold everything, including the most overvalued and vulnerable companies. 𝗪𝗵𝗲𝗻 𝗺𝗮𝗿𝗸𝗲𝘁𝘀 𝘁𝘂𝗿𝗻, 𝗽𝗮𝘀𝘀𝗶𝘃𝗲 𝗶𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀 𝗮𝗯𝘀𝗼𝗿𝗯 𝘁𝗵𝗲 𝗳𝘂𝗹𝗹 𝗶𝗺𝗽𝗮𝗰𝘁. 𝗔𝗰𝘁𝗶𝘃𝗲 𝗺𝗮𝗻𝗮𝗴𝗲𝗿𝘀 𝗰𝗮𝗻 𝘀𝗶𝗱𝗲𝘀𝘁𝗲𝗽 𝘁𝗵𝗲 𝘄𝗲𝗮𝗸𝗲𝘀𝘁 𝗮𝗿𝗲𝗮𝘀 𝗮𝗻𝗱 𝘁𝗶𝗹𝘁 𝘁𝗼𝘄𝗮𝗿𝗱 𝗾𝘂𝗮𝗹𝗶𝘁𝘆, 𝘀𝘁𝗮𝗯𝗶𝗹𝗶𝘁𝘆, 𝗮𝗻𝗱 𝘃𝗮𝗹𝘂𝗮𝘁𝗶𝗼𝗻 𝗱𝗶𝘀𝗰𝗶𝗽𝗹𝗶𝗻𝗲.

Not all active managers do this well. A knowledgeable advisor helps identify those with true skill and repeatable processes.