Constantly reminding ourselves that comparison in those areas will only discourage us from moving forward with our own life’s goals is a must if one desires to reach a state of Clarity.
This timeless quote delivered by President Franklin D. Roosevelt in his first inauguration speech at the depths of the Great Depression was made not to placate or appease us. It was a rallying cry used to set an agenda as to how we as a country were to respond to what at the time was the worst economic crisis we had ever faced.
There have been many studies, theorists and practitioners who have believed they have found the answer. The simple truth however, is that the market is such a complex and volatile system that no investor is capable of beating it entirely. However, there are a number of principles that have proven through time to be effective at guiding successful investment decisions.
Investors, like all people, are drawn to predictions; especially those that play to our natural fears of the unknown. Many of these portents and projections are intentionally constructed in a storytelling format designed to alleviate our anxiety over being uncertain.
Many of today’s investors have lost their way when it comes to having an ownership perspective on their investments. Additionally, they lack interest in having clarity in their investment approach. We believe that today’s investors should stop making these emotional mistakes and start viewing their investment portfolios like business owners view their companies.
If one were in the banking industry the 5 C’s (Character, Capacity, Capital, Collateral and Conditions) would actually have a positive connotation, as they encompass what defines a worthy borrower.
What do I own? Why do I own it? What’s my investment strategy? Can I evaluate and adjust my portfolio? Can I reach my investment goals?
REQUIRED – Complete with your client before completing the IPS
REQUIRED WITH EACH ACCOUNT REQUESTING MARGIN
OPTIONAL BUT HIGHLY RECOMMENDED
MUST GIVE TO CLIENT – RETURN ONLY IF CLIENT OPTS-OUT
MUST GIVE TO CLIENT
For over 30 years, we’ve helped clients find the freedom to accomplish their long-term goals with one simple idea— and that’s Process before Progress™.
MUST GIVE TO CLIENT
Every position in our portfolios is owned for a specific reason. Equally, when positions or businesses we own are sold, it is also for specific reasons. We have four distinct sell disciplines we adhere to.