The Next Revolution
FMT Investment Advisory implements and reveres value-based investment ideas. Predictions for Dow 50,000 or Dow 6,000 are utterly nonsense. Soothsaying isn’t a formula for successful investing. Our advice is to ignore, delete, unfriend, or unsubscribe to anything or anyone pontificating such hogwash.
Outlandish predictions are great for attracting eyeballs, but they are virtually useless to real investors. Investors and those that respect their money don’t place their bets on arbitrary numbers and emotional responses to outlandish predictions (how many people do you know where this has worked out?).
Astute investors invest their dollars based on value, discipline, and sure long-term trends. That is what we do at FMT Investment Advisory. The following is an excerpt from Warren Buffett that he wrote to his investors when he ran an investment company similar to FMT Investment Advisory:
I am not in the business of predicting general stock market or business fluctuations. If you think I can do this, or this it is essential to an investment program, you should not be in the partnership.
I cannot promise business results to partners. What I can and do promise is that:
- Our investments will be chosen on the bases of value, not popularity.
- That we will attempt to bring risk of permanent capital loss (not short-term quotationally loss) to an absolute minimum by obtaining a wide margin of safety in each commitment and a diversity of commitments; and
- I will have virtually my entire net worth invested in the partnership.
That is a philosophy we certainly admire and that we implement too, Mr. Buffett. We are long value and short predictions at FMT Investment Advisory. Just like Buffett, I am also extremely long our core positions with virtually my entire net worth in them. Come join me on the ride.
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