Choose Wisely

Remember Indiana Jones and the Last Crusade?

When Indiana gets to the cave where the Grail is kept, he’s confronted with an array of choices. One brings life, the others are fatal. His only aid is his understanding of history and a little common sense. He did okay. His rival didn’t fare so well.

That’s my theme for 2010: choose wisely. Confronted by volatile markets? Choose wisely. Finding unforeseen risks? Choose wisely. Facing various political or personal choices? Choose wisely.

Our sources of wisdom can be varied: from detailed quantitative number-crunching to reflection on our own evolving circumstances and needs; from understanding the insights of the classic texts of Civilization to applying the methods and models available via Bloomberg and Graham and Dodd.

What’s necessary as the economy develops and the markets gyrate is wisdom that comes from self-understanding and detailed analytical knowledge. In 2010 the variety of choices we face will expand. It will be necessary for all of us to increase our wisdom.

Indiana’s rival was undone in the cave because his ambition got the better of him. But a little common sense and knowing the context will yield wisdom in the end.

Douglas R. Tengdin, CFA
Chief Investment Officer
Hit reply if you have any questions—I read them all!

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By |2017-07-17T12:35:20+00:00December 31st, 2009|Global Market Update|0 Comments

About the Author:

Mr. Tengdin is the Chief Investment Officer at Charter Trust Company and author of “The Global Market Update”. The audio version of each post can be heard on radio stations throughout New England every weekday. Mr. Tengdin graduated from Dartmouth College, Magna Cum Laude. He received his Master of Arts from Trinity Divinity School, Magna Cum Laude and received his Chartered Financial Analyst (CFA) designation in 1992. Mr. Tengdin has been managing investment portfolios for over 30 years, working for Bank of Boston, State Street Global Advisors, Citibank – Tunisia, and Banknorth Group. Throughout his career, Mr. Tengdin has emphasized helping clients manage their financial risks in difficult environments where they can profit from investing in diverse assets in diverse settings. - Leave a comment if you have any questions—I read them all! - And Follow me on Twitter @GlobalMarketUpd

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