Build An Ark, Don’t Predict The Rain

Build An Ark, Don’t Predict The Rain

My son is named Noah, after the biblical prophet who built an ark out of faith. One of Warren Buffett’s lesser-known quotes is based on Noah’s story: “Predicting the rain doesn’t count; building arks does.” Buffett was giving advice about running businesses, but the same applies to investing and financial planning. Many active investment managers […]

Markets Down 12%: “SALE” Time, Not Sell Time

Markets Down 12%: “SALE” Time, Not Sell Time

What are the regrets of fund managers and advisers who are still in the profession today, when they think of 2008-2009? Overnight, US equities ended sharply lower in the Thursday trading session, with S&P 500 finishing down for a sixth straight session yesterday. This brings the index to -12% from its peak on 19 Feb […]