Investment Commentary
Overview
The prudent investor will seek to capture as many of the opportunities as might be available but will be particularly careful to define his or her real risk tolerance and need for higher returns, hopefully through a cautious evaluation of his or her individual goals and the size of the assets needed to defease them. The spectrum of possible investment stances is large, but the main focus should be on ensuring that one is in the right position within this spectrum rather than being mesmerized with short-term return opportunities.