#2 Be Boring. Make Money
The pulse quickens with news that the market soared. Volatility can be so exciting! News of major declines is splashed across the headlines. Volatility can be so depressing! We all love volatility when it's upward in nature. We all yearn for its absence when the market is heading down. Investors often believe that success is about hitting home runs. Buy a stock that goes up a hundredfold and retire happy! More often than not, this assumption of huge risk leads to huge disappointment. That's excitement we can all live without.
Investing should be about managing risks and achieving objectives. Investing should be about a team approach founded on experience and a disciplined process. Investing should be about hitting singles and doubles consistently. Home runs are a bonus. At Mawer, success is achieved through steady performance, performance that delivers year after year.
Boring is good. It means predictable performance, not nasty shocks. It means sleeping at night, not laying awake worrying about your portfolio. It means professionals managing your assets so you can seek excitement elsewhere. Mawer's Portfolio Managers will free you to focus on the rest of your life. The next time someone asks you how your portfolio is faring you'll be able to say, "It's boring - it just keeps on making money."
If you would like to learn more about how we manage money, please contact our office toll-free at (888) 549-6248, and ask to speak to a Portfolio Manager, or email us for an information package.