Tuesday, January 27, 2009

So What System Works for Investing

There is no system that works all of the time in every market condition. If there were one, every person would be rich, and all fund managers would crush their benchmark every year.

That is why we tell speculators and investors alike that the market is always changing. Certain market conditions require certain asset classes.

We like to combine fundamentals, technicals, a global macro view, politics, and knowledge of commodities and currencies into an integrated approach.

It is not easy. We never said it would be.

More to follow . . .

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