It’s not easy
If you haven’t already seen it, this recent memo from Howard Marks at Oaktree contains some very worthwhile insight into what it takes to beat the market as an investor.
If you follow the investing media, you’ll recognise that the first-level thinking Marks refers to is as endemic as it is useless.
Click here to read Howard Marks’ memo.
Tim Kelley is Montgomery’s Head of Research and the Portfolio Manager of The Montgomery Fund. To invest with Montgomery domestically and globally, find out more.
Tim joined Montgomery in July 2012 and is a senior member of the investment team. Prior to this, Tim was an Executive Director in the corporate advisory division of Gresham Partners, where he worked for 17 years. Tim focuses on quant investing and market-neutral strategies.
This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.
shawn-tarafder
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Thanks for sharing this, always a pleasure to read more on Charlie’s wisdom. As Howard said there so much hidden between the words within a simple statement from him! Remember “Well that’s just thump-sucking” about the blunder by Gutfredund’s at Salomon’s!