Investment success is much more than beating the market: it requires a disciplined strategy with a predetermined performance goal, a logical asset allocation, a proper investment-monitoring system and a policy for re-balancing one’s holdings.
Other advisors may adhere to a policy of being 100% invested at all times, avoiding proper attention to the entirety of the investment climate. We believe the primary job of an investment advisor is to meet the client’s overall investment goals during good markets and to minimize losses during bad markets. Our position is that knowing when to buy or sell can be as important as knowing what to buy or sell.
Similar to sporting events, victory comes from executing a solid strategy with a good offense and an effective defense — seldom only one or the other.