Latte Art

Does your work get noticed?

Photo: Burst. Source: Picography. CC0.

I recently stopped at a roadside donut shop to get a quick cup of coffee, and the server took a little extra time with my latte. He handed it over with a vague, curious smile. Intrigued, I popped off the lid on my coffee cup before taking my first sip. Sure enough, there was a small “tree” in the milk foam, hidden from view. Since the store wasn’t busy, I asked him about his small creation. “You didn’t seem in a hurry, and I like to see what I can come up with,” he responded. He’ll go places, I thought.

Much of what we do is never seen. It’s like the fasteners that attach drywall to the studs. The standard is to place screws every 16 inches, for a total of 28 screws on a 4×8 piece of sheetrock. But the wall will be smoothed, taped, and painted. No one will notice right away if you skip a few rows on every sheet, saving a few screws. On a full room, those savings could add up.

Photo: Garann Means. Source. Flikr. CC-BY-SA 2.0

We’re in a time of testing for markets, portfolios, and investors. When market volatility increases and economies slow, high-quality companies – with strong balance sheets, stable management, and sound business plans – tend to do better. Efficient companies can still be profitable even during an economic downturn, allowing them to maintain their dividend – and fund it from their internal cash flow. This makes their investors happy, and helps their portfolios outperform.

That barista at the small coffee shop was developing a quality that no one would notice. Until someone does.

Douglas R. Tengdin, CFA

Charter Trust Company

“The Best Trust Company in New England”

By |2019-08-29T06:31:26-04:00August 29th, 2019|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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