What can the Classics teach us about investing? A lot.
In Homer’s Iliad we learn a lot about war and the ups and downs of life in the Bronze Age. In one memorable scene in Book 12 one of Homer’s heroes gives his rationale for fighting: since he enjoys the fat of the land, it is his part to bear the fortunes of war as well.
Homer’s lesson here is you have to take the bad with the good. If you’re a long-term investor, you willsee your money grow. But there will also be bumps and bruises along the way. If you have an investment plan build around your aspirations and abilities you should be able to weather the storms that afflict you and your portfolio.
Homer’s heroes lived by a code that required them to stay with the program. We should keep this in mind when the battle turns against us.
Douglas R. Tengdin, CFA
Chief Investment Officer
Leave a comment if you have any questions—I read them all!