Pursuit of Perfromance

As all of our clients know, chasing short term performance is a poor strategy. Generally it is the triumph of emotion over intellect. The simple truth is this: diversified long term investors win as a group and undiversified short term investors lose as a group. Short term out-performance often turns out to be anti-prologue.

Some investors bailed out of the markets earlier this year and are likely still waiting for a good time to re-enter (and have missed a 55% gain). Others have put money into gold fearful of future inflation. These are 2 sides of the same coin and likely will disappoint. Financial goals are accomplished by action not re-action. Our philosophy is grounded in the science of the markets and based on individual client goals. Vanguard founder John Bogle calls this "client stewardship over salesmanship".