Classical Investing (Part 2)

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 various fortunes of war.

Homer’s lesson here is that you have to take the bad with the good. To apply this to investing, If you’re in this for the long haul, you will see your money grow. But there will also be bumps and setbacks along the way. If you have an investment plan build around your aspirations and abilities you should be able to weather any storms that afflict you and your portfolio.

Homer’s heroes lived by a code that required them to stay with the program. We need to keep this in mind when the battle seems to turn against us.

Douglas R. Tengdin, CFA
Chief Investment Officer
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By | 2014-09-04T15:27:59+00:00 December 1st, 2008|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. –
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