The investment wisdom of Groucho Marx
Groucho Marx is an unlikely financial commentator.
Known for his quick wit, comedic timing and anarchic eyebrows, economic insight wasn’t high on his list of talents.
And yet, as the financial world continues to be buffeted by Brexit, or braces itself for a Chinese slowdown, or worries about the untenable Japanese economy, or hangs with bated breath over concerns about QE or not QE or another sub-prime mortgage crisis, then Groucho might just be right when he said:
“It isn’t so much that hard times are coming: the change observed is mostly soft times going.”
So, in our seemingly over-leveraged world, if he’s right that “soft times” are going, are you prepared for a potential hard landing?
Since you’ve already invested with us, I have to make the assumption that you’re already a pretty sophisticated investor.
In that case, you’ll probably have a sense of whether you are diversified enough, whether your income streams are protected and whether you have the right balance between liquid assets and potentially more illiquid ones more suitable for capital protection.
I was speaking with another client just recently in Guernsey, someone who built his wealth in fund management in Asia, so he knows a thing or two. He is concerned about “derivative mountains” and the fragility of our inter-connected global economy – “and that’s precisely why I like investing in the special, tangible investments offered by Stanley Gibbons.”
As you already know, like Groucho Marx we’re not economic experts, but we know a high quality, rare, heritage treasure when we see one – a ‘hard’ and tangible asset if ever there was one.
And, if it continues to suit your investment strategy, we’re happy to help broaden your asset allocation – by offering you a basket of tangible assets that, with a long term hold, continued, steady market growth, patience and timing, might just stay strong, stable and desirable when the soft times go…
If you don’t have your Portfolio Manager’s details to hand and would like a chat just click or tap here.
Or you can email firstname.lastname@example.org with ‘Groucho’ in the headline – and we promise, no jokes…
PS – And if you think that our great institutions and our politicians will find a way out of our financial doldrums, Groucho Marx had something to say about that too:
“Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly and applying the wrong remedies.”
Trump and Clinton, May and Corbyn, Abe and Merkel, take heed…
Comments are closed