Letters to Our Clients
Long-term forecasting is more of an art than a science. As none of us can tell the future, we should probably all put our skeptics’ hats on and view any and all forecasts as educated guesses. However, the fact that the future is unknown does not allow us as investors to abstain completely from the process of forecasting. At Anderson Griggs Investments, we believe investors should approach forecasting as a business owner would his or her business, setting goals and then deploying capital to work towards meeting those goals by choosing among the multitude of ways available to allocate their savings, with full understanding that each dollar of capital deployed is at risk. Because of this ever present risk, a systematic process should be in place to review progress, update forecasts, and make changes as needed.
Kendall J. Anderson, CFA