Another great video nugget from the Manual of Ideas – this one has Broyhill Asset Management’s CIO Christopher Pavese explaining how bending to the will of clients has an adverse impact on investment results.
I know from experience that whenever you start hearing from investors about how terrible an underperforming asset class is (EM stocks these days), that’s when you’re really close to a bottom. In our strategic asset allocation portfolios, we do not permit “a la carte investing” in general because if left unchecked, investor portfolios will always end up loaded with the sectors or asset classes that have already had a monster run and devoid of those that are about to outperform in the future.
Professional investing, over the long-term, means having to look stupid in the short-run. It also means talking investors out of driving in the rear-view mirror.
Source:
RT @cullenroche: Diversification means learning to hate parts of your portfolio all the time. http://t.co/AHvAWJHcTJ
RT @ReformedBroker: Good Investing Means Having to Look Stupid Sometimes http://t.co/ntEzuf8KrU
Good Investing Means Having to Look Stupid Sometimes http://t.co/D6OC3B0JTY
RT @cullenroche: Diversification means learning to hate parts of your portfolio all the time. http://t.co/AHvAWJHcTJ
RT @ReformedBroker: Good Investing Means Having to Look Stupid Sometimes http://t.co/ntEzuf8KrU
RT @cullenroche: Diversification means learning to hate parts of your portfolio all the time. http://t.co/AHvAWJHcTJ
RT @cullenroche: Diversification means learning to hate parts of your portfolio all the time. http://t.co/AHvAWJHcTJ
[…] Good investing means having to look stupid sometimes (Reformed Broker) […]
RT @FredPGabriel: Good Investing Means Having to Look Stupid Sometimes http://t.co/mBUtMfw6U6
@ReformedBroker http://t.co/oRXgJRObAr” Its the same game over and over again, just the players change”
Bending to the will of clients has an adverse impact on investment results. You might look stupid in the short-run.
http://t.co/b8JMDuTU55
RT @rjparkerjr09: Bending to the will of clients has an adverse impact on investment results. You might look stupid in the short-run.
http:…
Good Investing Means Having to Look Stupid Sometimes http://t.co/941hQeyrP1
RT @jposhaughnessy: Good Investing Means Having to Look Stupid Sometimes http://t.co/941hQeyrP1
RT @jposhaughnessy: Good Investing Means Having to Look Stupid Sometimes http://t.co/941hQeyrP1