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Clear Thoughts
Q: Why is Clear so frequently on TV, radio and the press?
A: The answer is accuracy, and not only over a three week time frame.
| Accuracy leading to media attention may prove there is some meritocracy in the U.S. |
Yesterday I was interviewed concerning the retail sector on Bloomberg Radio. Last week I appeared on Bloomberg TV to comment on the home improvement and homebuilding sectors.
In more cynical moments, some people say that the press appears to focus on the news of the moment, and sometimes it looks as if anything that happened more than a few hours ago is forgotten. To be fair, this is not the full picture; there are professional journalists working throughout the media, at outlets such as Bloomberg, Barrons and The Wall Street Journal. Another source of note for the finance industry is Yahoo Finance, which aggregates news, press releases and government filings on its web site.
The financial press seeks out the opinions of industry experts with track records of success. In evaluating experts, the press looks at complete records, overall performance, and the performance of specific calls over time; they do not judge experts over a three week time frame. In the case of Clear, they look at our performance since inception, and for the year 2005. They also take note of our strict adherence to our investment discipline despite short term market fluctuations.
Investment returns, both for 2005 and since inception, rank Clear in the upper echelons of all money mangers, a fact that we take great pride in. Our portfolio managers make precision calls based strictly on our algorithms and business rules. We invest real money for our customers, unlike financial newsletters or even sell-side analysts working at brokerages and investment banks. We adhere to our strategy, in good moments and bad, with the understanding that in the long run we believe we will continue to outperform all relevant benchmarks. The desire to deviate from an investment policy to chase performance, or to avoid short-term fluctuations, is truly the song of the mythical Greek Sirens. It leads to selling out of securities at their low points and buying at high points. Therefore, it is the downfall of superior long term performance.
So when the press wants analysis with data to back an opinion, from professionals with real money at stake, they frequently call Clear Asset Management.
How do you judge where your hard earned money should be invested? Where should you keep your IRA or general investment account? We believe it should be with a firm that invests with discipline, adhering to style, process, and philosophy.
With just five weeks to go until tax day, which is the cutoff for 2005 IRA contributions, we are hopeful that you make the Clear Choice.
PS To hear the Bloomberg Radio interview from 3/9/06 by anchors Howard Liberman and Charlie Stein, please click here.
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