Classical Investing, Part 3: Time for Truth

Sophocles’ Oedipus show us another investing principle.

Source: Dorling Kindersley

In Oedipus Rex the hero begins an inquiry to find out what happened to the former King of Thebes, who disappeared mysteriously. Although it looks like he’s going to incriminate himself, Oedipus doggedly looks for the truth, even gainsaying the Queen who claims that some things are better left unknown.

Oedipus persists, and when the full truth is disclosed—that he himself murdered the king in a fit of rage—he blinds himself in his agony. But the story continues in the next play, and Oedipus ends up better off than he ever could have been at Thebes. Oedipus’ drive to know pulls him down initially, but it improves his condition in the end.

And that’s lesson number three: research, research, research. You can never know too much about how you are investing. Whether it’s a prospectus or earnings reports or charts or conference calls, the data available to investors today is massive. In fact, it was Oedipus’ ignorance of the true facts that got him in trouble in the first place.

Sometimes it may seem better not to know, but in the long-run you’re always better off rooting out the truth.

Douglas R. Tengdin, CFA
Chief Investment Officer
Phone: 603-224-1350
Leave a comment if you have any questions—I read them all!

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By |2017-07-17T12:23:02+00:00February 26th, 2015|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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