#3 Remember Who Won The Race
The Tortoise and the Hare is a well-known fable about a race with a surprising winner. Slow and steady won that race, while flash and dash came up empty. Investing can be compared to a marathon where short-term bursts of speed count for little. Discipline and a long-term strategy win marathons, and they produce superior investment returns.
Seasoned professionals who adhere to a consistent process win the investing marathon. It is won through diversification and risk management. It is not won through hot tips and hunches. It is not won by concentrating on a handful of stocks or sectors. For example, investors who had all their assets in technology/internet stocks in the late 1990s have had a bitter experience. Many of these stocks were winners over the short haul, and then they fell. Overly concentrated portfolios can perform exceptionally well over the short-term but they are not appropriate long-term investments.
Mawer Investment Management Ltd. has applied a disciplined process to achieve superior risk adjusted results since 1974. Win the race with us.
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.