Investing Wisdom

This week's topic on WealthTrack is the wisdom of investors adapting to change as the markets certainly have been undergoing an evolutionary scale of change.  The guest is Charles Ellis of Greenwich Associates who has spent his career advising clients on adapting to changes in the market.  Included in this episode is a discussion of his latest book, "Figuring It Out: Sixty Years of Answering Investors' Most Important Questions."  Enjoy and enjoy the weekend.  

November 10, 2022

Dear WEALTHTRACK Subscriber,

The ancient Greek philosopher, Heraclitus said, “There is nothing permanent except change.” Charles Darwin certainly observed that in his trailblazing work on evolution more than 2000 years later. In a quote widely attributed to him, he is alleged to have commented, “It is not the strongest of the species that survive, nor the most intelligent, but the one most adaptive to change.”     

As the markets fluctuate around us, how much should investors change?

This week’s guest has his own historical perspective on that question because he has lived through a momentous evolution in the markets. He is Charles Ellis, whose storied career started on Wall Street in 1963 after graduating from the Harvard Business School.  He was a skeptical analyst during the go-go years of the 60s and founded Greenwich Associates, the top Wall Street consulting firm to major investment firms, institutions and governments.

He was an influential board member of Yale’s endowment advising its legendary head, David Swensen. He’s taught advanced investment courses at both Yale and Harvard. And he has authored 20 investment books including the classic, Winning the Loser’s Game, now in its 8th edition, and the recently published Figuring It Out: Sixty Years of Answering Investors’ Most Important Questions, which we will discuss in this week’s exclusive TV interview.  

In the first of a two-part interview Ellis will discuss the most significant changes that have occurred in the markets and what they mean for investors. In our EXTRA feature, he shares his biggest financial mistake and success.    

If you miss the show on public television, you can watch it on our website over the weekend, along with our past programs and our guests’ One Investment recommendations.  You can also find the WEALTHTRACK podcast on Stitcher and SoundCloud as well as iTunes and Spotify.

On this Veteran’s Day weekend we salute all of the Americans who have served and protected us. Thank you. Make the week ahead a healthy, profitable and productive one.

Best regards,

Consuelo