Thursday, July 25th, 2024

The advantages of consistency and temperament

August 27, 2014 by  
Filed under Investor Behaviour

Regarding the source of the value of financial advice “It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.”          —Charles Munger, speaking of himself and Warren Buffett   On the primacy of behavior “Temperament is more important than […]

Unpopular investing

The investment philosophy expressed by Sir John Templeton is at once simple but very difficult to follow.  The mutual fund managers I recommend and that manage money for you mostly follow a discipline similar to Sir John’s.  Notice how much he emphasizes the importance of using your reasoning and independent judgement as opposed to following […]

Investing is not like most activities in normal life

August 19, 2014 by  
Filed under Investing, Investor Behaviour

Part of the reason the average investor fares so poorly when trying to do it alone is the challenge of controlling emotions and applying a rational and consistent investment philosophy – an objective discipline that leads to correct decisions most of the time.  Since there are so many investors who do not apply such a […]

Investing globally

August 13, 2014 by  
Filed under Investing, Investor Behaviour

In our office we often speak of the value of diversification and why it does not make sense to radically over-concentrate on what is close and familiar.  Sir John Templeton was a pioneer in global investing, having started the Templeton Growth Fund in 1954.  When we construct portfolios for your long term goals you will […]