STREET DOGS
MICHEL PIREU: Carlson on safe but boring strategies
FROM Ben Carlson at A Wealth of Common Sense: Bob Maynard is one of the best investors you’ve probably never heard of. The thing that sets him apart from institutional peers is the fact that he runs a more conventional portfolio that eschews the complex, illiquid model that many of the large pools of capital now run.An interesting aspect of his philosophy is how this more conventional way of managing money in the institutional investment community is now an outlier. A simple approach is something of a contrarian stance. Maynard says there are three ways to make money in the markets: option #1 is physically exhausting, you work harder than everyone else; option #2 is mentally exhausting, you’re smarter than everyone else; option #3 is emotionally exhausting, you need patience with a long-term strategy and mind-set.Most professional investors assume that they fall into option #2, while many also try their hand at option #1 to make up for any shortfall in smarts. My feeling is that the...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.