Our goal for Investment Perspectives is for it to be one of the ways that we communicate our thinking (past and present) to clients and the general public. We believe that investing is an iterative process and we know of no better way to test our own thinking than to share it with others. We encourage readers to send us their thoughts or questions.
Latest Investment Perspectives
Investing vs. Speculating
“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one.” Extraordinary Popular Delusions and the Madness of Crowds by Charles Mackay (1841)
An ancient Chinese curse, which translates into English as, “May you live in interesting times,” was meant to wish upon another person a life of turmoil and uncertainty. As we grapple with the ongoing effects of the COVID virus, we face personal challenges, as well as financial. When it comes to investing, we believe that the one consistency that carries us through any period of heightened uncertainty is the ability to adhere to rational thought amid a sea of chaos. Part of this is experience, but it is also having a process that applies thoughtful research to each investment decision. In this Investment Perspectives we will explore some of the behavioral factors we are observing (and avoiding) and highlight how our process contrasts with the more speculative activities we are witnessing.
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