Great Investors have Faith in the Future

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“The ultimate resource is people—especially skilled, spirited, and hopeful young people endowed with liberty—who will exert their wills and imaginations for their own benefits, and so inevitably they will benefit the rest of us as well. Human Ingenuity is the Ultimate Resource.”
– Julian Simon, Introduction for The State of Humanity

In last month’s article, we focused on “Not Being Surprised” as one of the great qualities to adopt for anyone who wants to become a great investor. This month we focus on a slightly different quality…Great Investors have Faith in the Future

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The Loss of a Loved One

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Client Profile: The Widow

A valued client’s father recently passed away from a terminal illness and had left all the financial matters to be sorted out by his later aged widow, ‘Jane’. Our client, ‘Mary’, had recommended that her mother utilize our comprehensive services and receive guidance from a trusted source to help with the estate settlement and streamline her financial affairs.
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Wired for Failure

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Image: Carl Richards, The Behavior Gap

“The Investor’s Chief Problem – and even his worst enemy – is likely to be himself.”
– Benjamin Graham

Over the last 20 years, the average equity mutual fund investor underperformed the S&P 500 by a average margin of -3.5% annually. Over a 20 year period the S&P returned 8.2% per year, but the average investor in stock funds only got 4.7% per year.

Why does this happen? Why is the average American such a terrible investor?
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Is This Time Different?

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“The Four Most Dangerous words in Investing are “This time it’s different”
– Sir John Templeton

Did you know?

Last week I spent a little time reviewing some year-end investment research, and came across a set of statistics that surprised me. Specifically, I saw a chart which depicted the historical returns of the S&P 500, through the end of 2016. Did you know:
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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 “Having a Good Memory” 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

Surprise is the Mother of Panic

Great investors understand that all good investing is really simply an exercise in the control of our emotions in the face of uncertainty about the future. In particular, there is an inverse relationship between the intensity of the emotion that we may be experiencing at any given moment, and our ability to think and act rationally. As our emotions crank up, our ability to act effectively begins to deteriorate. As a result, emotion is the enemy of sound investing policy.
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C.A.P.E Fear?

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Our Recommended New Year Resolution

Preparations are underway for the birth of a New Year, as 2017 will soon be upon us.  In a few days, our nation will be swept away by a collective desire to make our annual Resolutions, and promises to ourselves that we will be skinnier, smarter, more successful, and more disciplined in the coming year.

As a financial advisor, I am recommending an idea for a New Year’s resolution which should help make you more successful, and perhaps even happier:  Stop being distracted by the financial media.
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A Christmas Message

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Nick Murray is a noted author and consultant in the financial services industry. We are subscribers to his monthly newsletter, which is a wonderful publication filled with great wisdom every month. This week he sent out a Christmas message to all of his subscribers which we found so wonderful we felt it should be shared:
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