Why Asset Management? Modest MoneyLeave a comment

asset-management

There is a feeling among some investors that DIY is the best way to go. Investors are often high achievers. Many of them have come from a place of relative poverty to the wealth that they enjoy today. And having pulled themselves up by their bootstraps is even more a source of pride than the wealth itself. Others are driven to independence by the idea that it’s cheaper this way. By personally managing all assets and allocations, an individual will make more money than by paying someone else to do it. Right?

While it is true that asset managers don’t come free, it is actually very unlikely that your own expertise can get you farther than a financial team of the highest quality. In Nassim Taleb’s famous book Black Swan, the former hedge fund manager concludes that the world financial system is far too complex for a single person to comprehend. The factors that determine the courses of markets, financial instruments, and world economies are vast and innumerable. It’s impossible for a single individual to chart the best possible financial course without becoming part of a team.

So for the independent investor, asset management is the way to proceed…

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By : Adam | 2 Jun 2015
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