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Strat Doc 3Q18 – Why philosophy matters in investing

Why is it important to have an investment philosophy?

An investor with a well thought-out philosophy and process gives him or herself the best possible chance of outperforming the market over the long term. I put those odds at roughly 20%. This figure may seem depressingly low, but it’s consistent with reality – the bulk of investors underperform their benchmarks after fees.

Source: The Concentration Manifesto, Cameron Hight, Alpha Theory.

The table above only tells half the story. Absent a robust and coherent philosophy, I believe the odds of outperforming fall to 5% or less.

The thoughts below are not intended as a prescriptive to-do list. Readers are encouraged to take the underlying principles and apply them to their own specific circumstances, beliefs, and skill-sets.

Click here to read the full article.

Click here to read the full strategy & asset allocation for the 3rd quarter of 2018.



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WEBINAR | The Navigator – Anchor’s Strategy and Asset Allocation, 2Q24

Anchor CEO and Co-CIO Peter Armitage will host the webinar, provide an introduction to current global and local market conditions and give his thoughts on offshore equities. Together with Head of Fixed Income and Co-CIO Nolan Wapenaar, Pete will also discuss Anchor’s strategy and asset allocation for 2Q24, focusing on global equities and bonds. In addition, Fund Manager Liam Hechter will provide insights into local equities, highlighting some investment ideas; Global Equities Analyst James Bennet will discuss Ferrari and give an update on Tesla, and finally, Analyst Thomas Hendricks will participate in a Q&A with Peter, explaining the 10-year US Treasury to attendees.