Gyroscopic Investing

In plainer English, if you are managing money for wealthy people, just don’t lose it. Wealthy people, like everybody else, like to make a decent return, but they don’t need to take outlandish risks since they’re already wealthy. So the requirement to make a “decent”? return is mitigated by the likely regret at eroding a meaningful capital base. In other words, capital preservation – albeit in real terms to have any genuine value – trumps aggressive capital growth

Please note, you do not need to be a cockroach to benefit from the ‘cockroach’ portfolio. Our own take on Dylan’s cockroach is a little different, but the similarities outweigh the differences. The percentages vary, but we remain committed to four discrete asset classes too:

Objectively high quality credit
Attractively valued equities
Uncorrelated funds, specifically systematic trend-followers
Real assets, notably the monetary metals, gold and silver.