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.
Those who have carved out a name for themselves in the stone of success have not done so with natural talent or big ideas alone. They have succeeded because they have chosen to take advantage of the opportunities presented and because they have been given the freedom to convert passion into progress.