Blending the past and present to create the future

We believe that the past is a veritable goldmine of information and experience upon which to draw.  This enormous wealth of knowledge is, unfortunately, inconsistent.  The wisdom of the past must be built upon, but first it must be questioned with the true wisdom separated from the anecdotes and coincidences.  Financial history and economic theory are not exceptions.  Economic theory is especially challenging because it deals with relationships which are constantly in flux and relies upon current technical understanding for analysis.  This presents us with two basic questions we must ask and monitor: Does the theory actually address this situation and were compromises made to technical limitations which no longer apply?

By blending the wisdom of the past, but constantly verifying, questioning, and blending it with present capabilities, we believe that we can leverage the past to better understand the present.  A better understanding of the present results in more informed financial decisions and reduces the odds that the mistakes of the past will be repeated.  We also believe that this constant vigilance will allow earlier recognition of problem points and risks as new economic strategies and realities enter the investment landscape.