This site is intended for professional investors only. The content should not be relied upon. All investment carries risk. You may get back less than you invested.
At Clear CM we believe that investment research is akin to buying a home. Most people would not buy a house without first visiting the property. While there, they might even test the bathroom taps or lift up carpets looking for tell-tale signs of damp, and they will possibly quiz the current owner in an effort to discover what the neighbours are really like.
When Clear CM was established, we deliberately chose a name that reflected clarity and transparency. We wanted to entirely lift the shadow of mystery that can so often shroud the industry. As the popularity of our portfolios grows, we wanted to provide an insight into our current thinking and some of the themes that have shaped our recent investment thoughts and decisions. We hope you find this commentary useful.
I had the pleasure of speaking to a number of finance professionals this week about the way in which ClearCM construct their model portfolios and the investment instruments (funds, bonds, etfs, investment trusts etc) that we use within them. When discussing one of these investments instruments this person said ‘ooh they’re a bity risky aren’t they?’ and I wondered what he meant by that.
I have just finished reading a book called The Financier by Theodore Dreiser. It is about a man called Frank Cowperwood who becomes a stockbroker and starts by investing for himself, is successful and then builds a company which invests other people’s money. The company performs well until a single event which is out of his hands and totally unrelated to what he does causes him to eventually become bankrupt.