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".
Monday, November 2, 2009
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.
