Investing is Hard Work

A few years ago I bought a little gem of a book entitled Study is Hard Work. It had loads of practical advice for scholars, teachers, and everyone who has ever struggled over Moby Dick or The Feynman Lectures. And it has some practical advice for investors as well.

Among the exhortations to concentrate, organize your schedule, and grow your vocabulary is an emphasis on interest, or desire. If you cannot find within your heart the desire to learn, the text notes, then no help from without will assist you. In the same way, a successful investor has to be consumed by investments.

What is the structure of the equity market now, in light of hedge fund micro-trading? Will Treasuries ever reflect increased credit risk, or can we assume—as Paul Krugman does—that the appetite for ultra-low Treasury yields means there really is no limit to the government’s ability to borrow—at least for now. And are property values finally finding a bottom?

It’s not just that inquiring minds want to know. It’s that these things matter when you’re building a portfolio. If Greek debt and gold bugs and bankruptcy-remote trusts sound like blah, blah, blah to you, then investing isn’t your thing. Get someone to do it for you.

Good investing is hard. It takes knowledge, organization, and discipline. But passion is indispensible.

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

Follow me on Twitter @GlobalMarketUpd

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By | 2017-07-17T12:35:04+00:00 July 2nd, 2011|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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