Five Things You Need to Know: Look For No Good Reason, Be the Executioner, Never Think Mainstream, Pink n' Brown, The Boo Market
What the majority is doing is generally the wrong trade. Never think 'mainstream.'
Editor's Note: While we congregate in Vail for Minyans in The Mountains 3, we asked each Professor to prepare some thoughts on fiscal literacy, how to listen to the market and their area of expertise.
1) Always look for sectors and individual securities that are mis-priced for no good reason.
2) Execution in fixed income investing is key. With 26 years of experience, I have learned how to extract extra return with superior execution.
3) What the majority is doing is generally the wrong trade. Never think 'mainstream.'
4) We treat each client's assets as if they were our own assets.
5) In difficult markets, we strive to stay in front of clients, do not run and hide. Capital preservation is key and clients need to know that sometimes the return of your capital is worth more than taking extra risk in a bear market phase.
- What is the deal with a money manager having to 'meet his bogey?' Doesn't everyone hate bogies and love birdies?
- Is off sides in football like off sides in investing?
- Don't you love the expression 'pain trade?'
- Why would someone rush to buy a stock that is rising in price when they try to buy everything else in their life at the cheapest price possible?
- Why did they choose red for stocks that are down and green for stocks that are up? Why not pink and brown?
- Why do the call it a bear market? What about a 'Boo' market?
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