Great Investors Don’t “Rubber Stamp”

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“We don’t make investors more successful by giving them portfolios that pander to their fears. We don’t change the portfolio, we change the person – if he will permit us to do so. We do that by leading him to better temperamental values, chief among which are 1. Tolerance for ambiguity and 2. Resilience.”
Nick Murray

In last month’s article, I shared some wisdom from the greatest investor of all time. This month, I discuss a new way to think about “asset allocation.”

To start, let me share that I am proud to announce the publication of my new book, “Clarity: How Popular Culture is Misleading You About Successful Wealth Planning and What to Do About It.”

While I was writing my book, I surveyed a group of clients and friends about some of the key wealth planning issues that were causing them confusion so that I could address them in my book. There was one response that I found particularly interesting: this “rubber-stamped” approach of being more conservative with assets as you age stops making sense if you have more than you will ever spend. More →

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Great Investors Listen to the Greatest Investors

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“Charlie and I view the marketable common stocks that Berkshire owns as interests in businesses, not as ticker symbols to be bought or sold based on their ‘chart’ patterns, the ‘target’ prices of analysts, or the opinions of media pundits. Instead, we simply believe that if the businesses of the investees are successful (as we believe most will be) our investments will be successful as well.”
– Warren Buffet

In last month’s article, we made a major market call, which already appears to be coming true! This month, we point out some wisdom from the greatest investor of our time, Warren Buffet…Great Investors Listen to the Greatest Investors.
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Great Investors Think Before They Act

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“Don’t just DO SOMETHING; STAND THERE!”
– Clint Eastwood

In last month’s article, we focused on “Avoiding Surprise” as one of the qualities of a great investor. This month, we urge you to read carefully because our firm is making a major “market call” and a significant prediction for the future that you won’t want to miss!
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Great Investors don’t get Surprised

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“The time to do lifeboat drills is not after the ship has struck an iceberg.”
– Nick Murray

In last month’s article, we focused on “Working from a Plan” as one of the great qualities to adopt for anyone who wants to become a great investor. This month we focus on a similar, but slightly different quality…Great Investors don’t get Surprised.

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Great Investors Keep it Simple

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“Investments are like a bar of soap. The more you handle them, the smaller they get.”
– Warren Buffett

In last month’s article, we focused on “Understanding Value” as one of the great qualities to adopt for anyone who wants to become a great investor. This month we focus on a similar, but slightly different quality…Great Investors Keep it Simple.

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Great Investors Know Value

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“Global Stocks post Strongest First Half in Years, Worrying Investors”
– Wall Street Journal June 30, 2017

In last month’s article, we focused on “Understanding Progress” as one of the great qualities to adopt for anyone who wants to become a great investor. This month we focus on a similar, but slightly different quality…Great Investors Know Value.

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Great Investors Understand Progress

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“We’ve got a fully employed economy, rising real wages. We restarted the corporate earnings cycle. We’ve got strong confidence among businesses and consumers. The kick is we can do all of this without aggravating inflation and interest rates. If that’s going to continue, I think the bull market could continue forever.”
– Jim Paulsen, Chief Investment Strategist for The Leuthold Group

In last month’s article, we focused on “Knowing a Good Time to Invest” as one of the great qualities to adopt for anyone who wants to become a great investor. This month we focus on a similar, but slightly different quality…Great Investors Understand Progress

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Great Investors know it is NEVER a “Good Time” to Invest

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“The right time to buy equities for the long term is whenever you have the money”
– Nick Murray

In last month’s article, we focused on “Not Trusting Robots” as one of the great qualities to adopt for anyone who wants to become a great investor. This month we focus on a similar, but slightly different quality…Great Investors know it is NEVER a “Good Time” to Invest

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Great Investors Don’t Listen to Robots

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“Even if you could trick an algorithm into giving you the portfolio you need as opposed to the one you want—which you can’t—an algorithm can’t hold your hand, look into your eyes and advise you credibly not to worry when the market goes down 30%. You will still bolt out of your portfolio at the wrong time and for the wrong reasons.”
– Nick Murray

In last month’s article, we focused on “Taking advantage of Dividends” as one of the great qualities to adopt for anyone who wants to become a great investor. This month we focus on slightly different habit that great investors understand……Great Investors Don’t Listen to Robots.

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