August 2013: The Art of Letting Go
The Art of Letting Go The Chinese philosophy of Taoism has a word for it: “Wu wei.” It literally means “non-doing.” In other words, the busier we are with our long-term investments and the more we tinker, the less likely we are to get good results. That doesn’t mean, by the way, that we should do nothing whatsoever. But it does mean that the culture of “busyness” and chasing returns promoted by much of the financial services industry and media can work against our interests. The fund managers we work with constantly review the holdings and make changes in individual stocks or bonds to...
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