In regard to performance, Collins has said, "My business is a research business. I don’t currently manage money for other people. I have a very unusual business model. . . . It’s for folks who are looking for more creative, truly long-term research. If you want hot stock tips for next week, we are not the right place for you. But if you want to develop a better stable of 'mental models' over time, you might appreciate our work." So performance (in the sense of a portfolio manager) may not be the right frame of reference. For answers to these and other questions, see the CFA Institute Magazine interview with Collins: http://www.cfapubs.org/doi/abs/10.2469/cfm.v25.n4.10