During times of “heightened uncertainty” Scott Clemons, chief investment strategist, and Michael Kim, CIO, at Brown Brothers Harriman Wealth Management, think value investors need to remember eight key principles. 1. “Risk is not volatility.” 2. “Price and value are different things.” 3.”Investors must know what they own.” 4. “There is no such thing as passive investing.” 5. “Preserving wealth is the first step towards growing it.” 6. “There is a difference between wealth and money.” 7. “Cash provides option value to an investor.” 8. “Diversification is an inadequate tool for managing risk.”
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