Stephen Hawking
Our approach to balancing risk and reward may seem radical compared to the Wall St. information machine, but we feel it is a sound approach built on the following logic:
1. Markets seem random from day to day, but prices generally move towards true value
2. Rapid movements can both create and wash away opportunities
3. There is no way we can know what events lay in the future
Nothing controversial there, just the fact that we admit we can't know everything. In all seriousness, how could we possibly assess global money flows better than an Swiss banker? Understand the impact of new technologies better than a Silicon Valley executive? Estimate the market potential of a new drug better than a Harvard researcher?
We can't, nor can most others. That doesn't mean we're helpless to create wealth, it just means we have to look elsewhere for clues. Studying market behavior gives us plenty of time to participate in emerging trends. The footprints of business leaders are not hard to spot if we put ego aside and accept that someone else will be there first. Remember, it's the second mouse that gets the cheese. Let the pundits demonstrate how brilliant they are; all we want to do is move our equity curve from lower left to upper right.
