18 May 2016 Mairs & Power White Paper: Focused investing for the long-term ( Portfolio )
Over the last several years, we have seen profound changes in the way markets operate, with significant implications for investors. The introduction of new investment vehicles such as Exchange Traded Funds (ETFs), and lightning-fast trading technologies have created an investment landscape where rapid buying and selling of entire baskets of stocks, wild price swings across whole markets and declining holding periods for individual equities now seem the norm.