Feb 19, 2020
Several years ago I placed a simple message on my bathroom mirror: “Do not give up what you want most for what you want now.” Of course, the phrase is not mine and is found throughout the internet and on motivational posters. But it is popular because the message is undeniable.
I mention that quote because it was the first thing I thought of when I “found” this article on my computer. Most of us know the truth when we hear it, most of us know the power of discipline and delayed gratification and unemotional decision making, but we all struggle to make it a consistent part of our behavior. Therefore, it never hurts to go back to the basics. I think this article is just as applicable today as it was nearly 10 years ago. And it will probably be re-printed 10 years from now with the same message.
Stay the course ….
Narwhal Capital Management
Revised June 14, 2010
“Suspending Reality will never make you rich”
Despite some encouraging financial trends over the past few months, investor uncertainty and pessimism seem to be reaching new depths. There’s only one way to get through the choppy spots, though, and that’s to boost your outlook with a few simple truths. In the market, as in human nature, some things never change.
Do you really want to make a big move in the get rich quick game? Assess the risks before jumping forward – don’t let the glitter of future riches blind you to the potential costs. On the other side of the coin, before you sell anything, check to make sure that all of your bases are covered. Reduce your debt as much as possible. Weigh the liquidity of your investments. How hard is it for you to monetize a large portion of your portfolios? Diversify your forms of cash flow. Investment income is good, but investment income that comes from multiple sources across multiple asset classes is ideal.
Final truth. Hold on. The markets will normalize. Until then, stay rooted in the basic truths of investing and focus on using your gifts and talents to best pursue your calling and career.
Matthew “Matt” Burton is President and Co-founder of Narwhal Capital Management in Atlanta, Georgia, and co-author of Calvin and Commerce. Matt received his bachelor’s degree in business administration from Samford University and, upon completing graduate work at Georgia State, earned the designation of Chartered Financial Analyst. He speaks frequently at investment conferences and to young adults.
Founder and President
Matt began his career in asset management at Matsco Incorporated, a Delaware holding company (and Narwhal’s predecessor) in 1994. After 11 years at the helm of Matsco’s investment portfolio, he founded Narwhal Capital Management in 2005. Today, the majority of Matt’s time is spent on portfolio management. The most seasoned member of the portfolio management team, Matt’s 23 years of managing investments across all asset classes vests itself in a well-rounded appreciation for disciplined, methodical money management. Matt received a bachelor’s degree from Samford University and an MBA from the J. Mack Robinson College of Business at Georgia State before earning his Chartered Financial Analyst designation. Matt is an avid outdoorsman, a lover of poetry, a student of theology and a family man. He is a published author and the artist behind the photographs portrayed on this website. He and his wife Mary have five children, Luke, Mary Grace, Will, Esther and Lydia.
At Narwhal Capital Management, you’re more than just a portfolio, and it’s not all about the numbers. Let’s start with a meeting about your needs and future goals.