Patience “STILL” remains a virtue
A little over two years ago (February 13 2007 to be exact), we wrote an article called “patience is a virtue” (to read it, click here) which was written to highlight the fact we don’t know on a month by month basis how well a fund will perform, but as long as we have faith in the investment process of the manager one of the worst things you can do is sell after a couple of months of poor performance. We highlighted the roller-coaster 2006 returns of the H20 MultiReturns fund. A fund we use in a number of our models and mandates.
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