Argent Quarterly Investment Commentary – October 2016
“You don’t need the big plays to win; you just need to eliminate the dumb ones.” – Lou Holtz
In an investment climate of slow economic growth, record-low interest rates and a fairly-priced stock market, many investors are feeling the temptation to chase more exotic investment strategies in order to seek good returns. Our experience is that such forays typically end badly. In truth, an investment portfolio is a little like a bar of soap – the more you touch it, the smaller it gets.