Keeping a Level Head


Mitchell Kovitz, Jonathan Shapiro and Joel Hirsh of Kovitz Investment Group explain the “five-year rule” that has helped them avoid mistakes, how they try to simplify decision-making, why their most unusual investing experience still holds appeal, and why they believe Walgreen, Lowe's, Bank of New York Mellon and Wells Fargo are mispriced.

If you are a subscriber, log in to access the issue and bonus archive: