Commentary
December 5, 2011 -
The month of November continued to meet our expectations for relentless
waves of fear and hope to dominate markets in the fourth quarter. Global stock markets started the month on a
good note, then had a white-knuckled 10%+ drawdown mid-month as the European
debt crisis reached new levels of intensity, and finally staged a sharp rebound
near the end of the month as a result of coordinated central bank easing
measures.
The importance of controlling volatility (risk) cannot be overstated,
in our view. Not only does lower
volatility help preserve wealth during difficult market conditions, it also
helps make investing psychologically bearable—something that seems increasingly
difficult for investors given the unprecedented market conditions that have
been in place since 2008. Not dropping out of the "investment marathon” is half
the battle towards achieving long-term success. BSC’s unique global investment process is designed to help investors
succeed in the 21st century alongside the corresponding new secular
realities. CLICK HERE to read the full monthly commentary.
