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Stay Disciplined

Bill Ehrman profile picture
Bill Ehrman

Proper investing is a skill set built on years of experience and learning not only from your successes but also just as much from your mistakes.

The reason that I returned to managing hedge funds five years ago after a very successful 35 + year run including being CIO/partner of George Soros' Quantum Fund for nearly ten years was to prove that investing was the only real way to create wealth.

When interviewed by Bloomberg News as to why hedge funds/investors were performing so poorly, I responded that there was "too much" news and investors simply pushed the button before pausing to reflect on the facts, reviewing their core beliefs and consider global mindset shifts, this became my tag line. Active managers were becoming traders rather than investors. And they failed miserably at it.

Paix et Prospérité manages money by staying disciplined.

We begin with our core beliefs that serve as our compass for investing. We monitor events daily, searching for any changes that may signal a review of our core beliefs. We factor in current mindsets from the consumer to corporate management to governments. Lastly, our independent research on each investable idea rounds out our ultimate actions.

We have stated forever that in order to be a successful investor in any and all asset classes that you need a global perspective. You must understand the interaction between and among all regions and markets. For instance, negative yields abroad caused a flood of money flowing into our bond market reaching for our higher yields pushing up the dollar and reducing yields from what they otherwise would be. Simply stated, each market affects the others. That's systems theory.

While I am very proud of the fact that Paix et Prospérité has continued to outperform the S&P by 50+% over the last year(s) and

This article was written by

Bill Ehrman profile picture
Managing partner of Paix et Prosperite LLC, educator, mentor and consultant.  Former Senior partner and CIO at EGS Partners, Soros Fund Mgt and Century Capital Associates. Experience over 50 years  successfully managing money, investment banking, consulting and mentoring. He incorporates a top down global economic, financial and political view with bottoms up independent research industry by industry and company by company.

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