If you had to place a $10,000 bet on who was going to win the men's 100 meters at the Brazil Olympics who would have been your guy?
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Image Source: Youredm.com
The answer is pretty obvious. You would pick the man who has proven again and again to be the fastest man on the planet over that distance and who is still in his prime.
When it comes to taking investment advice we believe that the same thinking should be applied. While doing your own thinking is important we believe investors should listen to the Usain Bolt's of the investment world.
These are the investors who have proven over many years that they are exceptional investors. We don't like paying their egregious fees, but we do actively pursue their opinions.
What we have been finding recently when I listen to our short list of great investors is