It’s easy to see innovation as the end game - the hinge upon which advancement takes place. This concept makes for good one-liners and memes, but it lacks teeth. Unless we see innovation for what it is - a catalyst for success - we will fall short of making wise choices.
We continue to hold equity positions with growth potential and fixed income positions designed to provide a hedge against inflation. Finally, we believe the combined best guess of investors as aggregated by current market prices is hard to beat as a guide to what the future may hold.
Focusing only on the outcome can be frustrating. It amplifies anxiety for investors who feel they missed out. We believe analyzing results in context helps lead to more informed decision-making. Improving our odds of success.