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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