In this episode, Mark talks about flat markets, a market that doesn’t give growth. There still can be volatility and investors must understand when you make an investment the time horizon should not be for the next year. If you are investing in equities your time horizon should be 3 years to 5 years - in this time you want to be “pruning” the portfolio. Just because a money manager has a bad year, does not mean you fire them! The highest performing manager (risk adjusted return) under performed their stated benchmarks 50%. “You don’t pay me to hold cash, you pay me to know when to hold cash.”

March 16, 2017