Perhaps the biggest difficultly we have with regard to investing significant sums on behalf of clients is the short term “noise” both in terms of gyrating current valuations and the confusion caused by pundits who it has to be said usually have some form of vested interest in their prognostications. Through all of this an 81 year old man continues to issue investment letters which make sense:
In this article Mr Buffett calmly explains the obvious that over the longer term you need to buy investments which have a tangible worth and productive income rather than shiny metals or cash. Likewise his quip regarding bonds sums up aptly their current valuations.