Full Disclosure: I’m Long

“Men willingly believe what they wish.”

That’s what Julius Caesar said over 2000 years ago. And it’s still accurate. When people want something to be true, they often convince themselves that it is true. In investments we often call this “talking your position.”

I was thinking about this recently when I heard that Congress had consulted with Warren Buffett on the rescue package. Hellooo: Warren the Great just invested billions in Goldman and GE. He is an interested party.

That’s why people should know that I’m long the market. Of course, as Chief Investment Officer of Charter Trust I’m always long. Stocks, bonds, cash, property—we own them all. And often when one asset returns more, another returns less. So my interests are pretty balanced.

But readers should know where a writer is coming from when they look at his take on things. Because to understand where someone stands, it helps to know where he sits.

Douglas R. Tengdin, CFA
Chief Investment Officer
Hit reply if you have any questions—I read them all!

Follow me on Twitter @GlobalMarketUpd

direct: 603-252-6509
reception: 603-224-1350

www.chartertrust.com • www.moneybasicsradio.com • www.globalmarketupdate.net
By | 2014-09-04T13:37:54+00:00 October 7th, 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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