GR-8 - Investment Strategy of Charles D. Ellis 1 We...

Info iconThis preview shows pages 1–5. Sign up to view the full content.

View Full Document Right Arrow Icon
1 Investment Strategy of Charles D. Ellis
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
2 We investment professionals also need to keep in mind that some who participate in our investment decisions will be younger and less experienced than we are; some, perhaps the most influential, will be older and more powerful but may be far less experienced with investing. They may care greatly about the fund being discussed but may not be expert in investing. We, as professionals, must manage their understanding. - Charles D. Ellis
Background image of page 2
About Ellis Charles Ellis is a living legend in the investment world. In 1972, he founded Greenwich Associates, one of the most famous global pension and institutional investment advisory businesses, which he ran until 2000. He's the author of 15 books, including " Winning the Loser's Game ," an elegantly written investment classic that distills timeless wisdom about drawing up a long-term investment policy, how to understand risk, the importance of time in investing and how to construct an efficient portfolio. Now 72, Ellis still advises wealthy families and large institutional investors on how to invest. 3
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Investment policy is an all-encompassing term to describe an institutional or individual investors overall approach to management of their portfolio: goals, asset mix, stock selection, and investment strategy. As our investment policy guru Charles Ellis describes it: Investment policy, wisely formulated by realistic and well- informed clients with a long-term perspective and clearly defined objectives, is the foundation upon which portfolios should be constructed and managed over time and through market cycles. The central point of investment policy is that different investors are in very different situations and have very different objectives. So whether acting for themselves or employing an agent, they should carefully think through the implications of their situation and objectives for the way their portfolio is to be managed. And once they have formulated the appropriate investment policy, taking account of what potential achievements are realistic, they should stick with it. 4
Background image of page 4
Image of page 5
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 05/30/2011 for the course ECON 101 taught by Professor Ke during the Spring '11 term at Lethbridge College.

Page1 / 19

GR-8 - Investment Strategy of Charles D. Ellis 1 We...

This preview shows document pages 1 - 5. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online