At Newbridge, we share two investment goals with our Clients which are intertwined: 1) To add significant value to market returns (net of Adviser fees) over each successive business cycle (5-8 years), and 2) To protect investment principal ahead of substantial, yet infrequent, market declines. To accomplish this, we adhere to a proprietary set of investment principles which can be reduced to the following core tenets:
- The asset allocation decision is dominant and flexible;
- The Client profile helps determine the degree of risk-taking under favorable conditions;
- The practice of patience, discipline, and proactive communication is a constant.
“Conventional investing involves being diversified at all times, owning something of everything at any price, and ‘staying the course.’ We think this nearly ubiquitous approach leads to, at best, mediocrity. Conventional investing also involves engaging in short-run speculation, brazenly ignoring fundamentals to capture market action. That is tantamount to gambling. At Newbridge, we adhere to an empirically-supported strategy with the knowledge short-term noise will amount to a zero-sum game over time and the underlying durability of the strategy will survive.”
R. CHRISTOPHER WIEGAND, CFA®