Uncertainty and Outcomes

The underpinnings of our investment philosophy contain the premise that managing wealth need not rely on seers and soothsayers. We don't know what will happen today or tomorrow but have confidence about the longer term. We know that most investors need to remain invested in "risky" (the reason for the quotation marks is the real risk may actually reside in being outside the market ) assets all the time to accomplish their longer term goals. Regardless of what happens in the markets today or this week or this month, the conscious act of staying invested will likely prove to be more important than investment returns. Control the controllable and let the rest ride.