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Non-Tech : Money Managers after the Perfect Storm
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To: Skeeter Bug who wrote (17)2/26/2002 12:35:27 PM
From: Tom D  Read Replies (3) of 46
 
I think we have different risk tolerances.

If it turns out that I make 10 or 12% this year, and you make less while you are in fixed income investments, that would not mean that I was right. If I have to take risk that you consider to be excessive to get better returns, then my approach is not right for you. For me, the approach described here has acceptable risks. The risks are also acceptable to my wife, who repeatedly bought CDs from her bank for investments and savings, before we met.

I do not know how widespread Enron-like fraud will turn out to be. I am concerned about the possibility that it might be far greater and more widespread than we currently think. Thats why I have more value stocks than growth stocks.

Everybody has different tolerances for risk, and different investment objectives. My suggestion is that there are more investment vehicles and better tools for market forecasting available from a competent professional. For example, I am not particularly interested in the fact that Cambiar might be the ultimate money manager. I am interested in the process in which their services, and the services of some other awesome money managers have become available to me. I got extremely lucky during the wild days of doing it myself. But since October 2000, my days of trying to do it alone are over.

It will be particularly interesting to see if many of the rugged individualist, do-it-yourselfers from SI will find this delegated approach of mine to be of interest.

Tom
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