Mark Zuckerberg once said – “I like to pride…
Mark Zuckerberg once said – “I like to pride myself on thinking pretty long term – but not that long term”. That’s a good philosophy for investing as well. While “long term thinking” is a core tenet of successful investing, that doesn’t mean that one shouldn’t take stock of things every once in a while. Every now and then we come across clients who haven’t rebalanced their portfolios in years, and this has been to their detriment. Good investors take a long term view on an investment; but periodically check back to see if better options exist within the same asset allocation and risk tolerance thresholds, or whether the investment climate has undergone material changes.
— from The Flight Plan (Purpose/Wisdom/Risk)