No One’s Right 100% of the Time

Oct 2007 //
History
Risk vs. Volitility

Investing is always a very humbling experience, and while we focus on both our winners and our losers, we have always focused more on the losers.  As much as I would like to assure clients that the lessons we’ve learned over the years will greatly diminish the volatility in our absolute or compar­ative results, that is simply not possible for any manager to do.