Not exact matches
We of course are striving for much higher returns, and so we must be opportunistic and search for extreme value, with the number one goal (and number two goal) of always protecting
against permanent loss of
capital.
You have to balance the benefits of a buy - and - hold approach — such as lower taxes and transaction costs, the historical upward bias of the market and the peace of mind that comes from removing yourself psychologically from active investing —
against the possibility of a major drawdown or a
permanent loss of
capital.
Clients should give money to equity managers so that those managers can achieve attractive long - term returns while guarding
against the risk of
permanent capital loss over the long - term