Comic Wisdom

Everybody wants to get into the act.

Jimmy Durante made this line famous. While the comedian’s sense of timing was legendary, he noted that nothing succeeds like success, and once he had earned his audience, lots of other wannabes started to crowd in. But it didn’t help their performance one bit.

It’s not that different in the investing world. People love a star. And they figure that if they hang with some famous investor or pay a thousand bucks for a seminar some of that success will rub off. But it never does. Successive 20% returns just aren’t all that easy. And the guys that can make them aren’t giving seminars—they’re managing billions.

The only way to get to Carnegie Hall is to practice. And the only way consistently to grow an investment portfolio is through disciplined savings and a consistent approach—not by chasing the latest investment fad.

Douglas R. Tengdin, CFA
Chief Investment Officer
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By |2014-09-03T19:51:08+00:00June 24th, 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. - Leave a comment if you have any questions—I read them all! - And Follow me on Twitter @GlobalMarketUpd

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