Investing is easy when markets go up.

By and large, most investors have experienced a positive return on capital. Warren Buffett explains the term, “A rising tide floats all boats”.

At present, most investors are doing well.  The tide has been rising.  It matters little who manages your money as you are still in profit.  It’s also easier to do nothing and float on the tide. There is no effort required.  It is also when people get blasé. They stop trying to understand success because it just happens.

If the worst of portfolio managers or wealth managers can exist simply because of the tide, how do you distinguish between the best of managers? You need to because when the tide goes out….as Warren Buffett says “Only when the tide goes out do you discover who’s been swimming naked”.

Why not check out The Investment Audit.