If you’re going to do it –
Do it right.
As you manage investment decisions:
Document the process; Hire competent professionals; Monitor results; and Always remember you have been entrusted with someone else’s money.
Never invest in something you don’t understand or is difficult to value.
Know what you’re paying for –
Don’t hire the fox to count the chickens.
Understand that, when everyone is talking about a making a killing –
The market is already dead.
Cautiously approach investments that promise superior results.
Believe in the statement –
The past is no indication of future performance.
Relish the opportunity to be a steward of sound investment practices
for in the end, it’s
procedural prudence, not performance, that counts.