Evergreen Virtual Advisor - Guest: Simon Hunt
Future glow. Unquestionably, one of the worst enemies for most investors is what academics call “The Recency Effect.” At Evergreen, we refer to this as “The Tyranny of the Temporary”, the time-proven inclination of the investing public to pour money into yesterday’s winners, particularly after a long period of outperformance, thereby creating tomorrow’s losers. The related cardinal sin is bailing out of areas that have been in the penalty box over prior years. Aggravating this human frailty is the fact that generally hot areas often stay toasty, and cold sectors remain frigid, longer than expected. This reinforces the seeming wisdom of performance chasing. However, recent research has indicated that somewhere around the three-year mark a reversal point is typically reached. Thus, if a particular asset class has been on fire for around 36 months, the odds increase that a fire hose is waiting around the corner. Conversely, the long-term three-toed sloths often suddenly change into sprinting gazelles at roughly the same interval. Read More
February 13, 2015
“Given relative valuations, wouldn’t it be wiser to play the US consumer by buying European or Asian exporters than to overweight US equities today?” – Louis Gave Spicing things up. We all know the old saying that variety is the spice of life. Accordingly, in this week’s… Read More
Evergreen Virtual Advisor - Video: Louis Gave Interview
Spicing things up. We all know the old saying that variety is the spice of life. Accordingly, in this week’s EVA, we are definitely doing a variation on our usual theme of a full length written issue by providing our readers with a spicy Asian video. No, not that kind! (This Fifty Shades of Grey stuff is getting way out of hand!!) I’m referring to a video interview with close friend and partner, Louis Gave, on the investment attraction of Asia. Bloomberg has referred to Louis as one of the smartest men in Asia. Considering how many males there are in Asia that’s quite a compliment! After you listen to his thoughts on why Asian markets may finally begin to outperform the Energizer Bunny known as the S&P 500, I think you will agree Bloomberg was not waxing hyperbolic. Read More
February 6, 2015
“There are times when it’s easier to fool yourself than swallow some jagged piece of reality.” – John Rogers Searle On January 23rd, over 400 friends, clients, and other interested parties attended our Annual Outlook event at the Meydenbauer Center in Bellevue, Washington. At the event, we… Read More
Evergreen Virtual Advisor - Introducing: Grant Williams
On January 23rd, over 400 friends, clients, and other interested parties attended our Annual Outlook event at the Meydenbauer Center in Bellevue, Washington. At the event, we were fortunate enough to have been joined by our newest colleague, Grant Williams. To say Grant is a man of many talents is far too modest. He writes one of the world’s most popular newsletters (www.ttmygh.com), is a coveted public speaker, and is the co-founder of Real Vision TV (realvisiontv.com). It’s also an understatement to call him a man on the move; since the start of this year, he’s already been to 10 different countries! As a strategic advisor to Evergreen, Grant will function in a few different capacities. First, he’ll be making periodic contributions throughout the year to our newsletter, the Evergreen Virtual Advisor (EVA). In the past, we have occasionally run condensed versions of his acclaimed newsletter, Things That Make You Go Hmmm… Now, however, he will be writing an abridged newsletter tailored specifically for our readers. In addition, Grant will have a seat on our investment committee, offering his keen insight into shaping our firm’s views on the macroeconomic landscape. Lastly, when appropriate, Grant will participate in engaging clients or prospective clients in face-to-face meetings. Read More