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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.