Nick Murray has been in the investment business for well over 50 years. Through that time, his wit and wisdom have become legendary. At the end of each year, he writes a short piece that describes what happened in the previous twelve months and provides perspective on how we, as fellow investors, should think about it. Given the way 2020 played out, we thought this “Tortoise vs. Hare” piece was especially apt and so we are sharing it with our clients. As many of you know, we at CH have always jived more with the tortoise, and Nick Murray’s article helps explain why we believe this is the best strategy for the long term.
Please take a look, and as always we welcome your thoughts, comments and questions.