Today's Words of Wisdom

The following is an old quote from Warren Buffett, but poignant for todays market.

Occasional outbreaks of those two super-contagious diseases, fear and greed, will forever occur in the investment community. The timing of these epidemics is equally unpredictable, both as to duration and degree. Therefore we never try to anticipate the arrival or departure of either. We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.

Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful.

Our favorite holding period is forever.
If you are a professional and have confidence, then I would advocate lots of concentration. For everyone else, if it's not your game, participate in total diversification. The economy will do fine over time. … buy a cheap index fund and slowly dollar cost average into it.

We don't get paid for activity, just for being right. As to how long we'll wait, we'll wait indefinitely.

The stock market is a no-called-strike game. You don't have to swing at everything – you can wait for your pitch. The problem when you're a money manager is that your fans keep yelling, 'Swing, you bum!'

This is the time to buy not sell stocks - sage investment advice from one of the best investors ever. That's why we model our process after his.

About Crew Capital

Crew Capital Management was founded on three guiding principles:

  • The client is the core of all we do.
  • Strategic planning is the driving force behind our relationship with our clients.
  • We believe that the best way to outperform the market is to learn from those who have done so in the past.

At Crew Capital Management, we believe in the "crew" - in pulling the oars together to move the boat forward. Strategic Planning and the development of a strong client-advisor team will assure a successful relationship that is focused on the client, and not on product. Education and understanding are crucial building blocks of this team relationship.

At Crew Capital Management, we believe that the pathway to long-term market out-performance is grounded in the success of those who have done it in the past – specifically Benjamin Graham, David Dodd, Warren Buffett, Seth Klarman, David Dreman and Jeff Greenblatt – and sound financial analysis based on their writings.

About our President & CEO
Robert F. Jung CFA CPA*

*CPA inactive

Education and professional credentials are vital when it comes to managing money. Perhaps more critical, however, is experience. With more than 20 years of banking and investment management experience, Rob has a unique perspective on the prudent management of family wealth. Central to this perspective is the notion that the client – and their financial goals – always comes first.

His long-standing relationship with the nationally award-winning Portfolios™ Investment Simulation game and his belief in the importance of truly understanding one’s investments have led him to found Crew Capital Management—where clients are enabled to dream smart, plan smart & live smart.