Mountain Goat Investing

What’s your investment approach?

Photo Credit: Brad Pelz

My daughter climbed a mountain in Colorado last month. As she and her friends neared the summit, a mountain goat followed them. It hung around while they had lunch, and presumably had a nice little meal of its own on leftover crumbs and morsels when they left.

Normally you wouldn’t expect to find wildlife above 14 thousand feet, especially in the winter. There’s not a lot of grazing up there. But this animal had a strategy: be unconventional and go where it’s less crowded. The goat had learned that hikers bring food, and pose little danger.

Investors can learn something here. If you keep to the well-travelled valleys, you may be safe, but there’s a lot of competition. It’s hard to find undervalued issues among the marquee names we read about in the paper every day. On a practical basis, many of those companies are so big it’s impossible for them to grow faster than the overall economy.

But if we’re willing venture out, there are some good deals to be had. By examining company financials and market data—following the hikers—we can earn significant returns without a lot more risk.

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+00:00 March 5th, 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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