Getting Rich Slowly

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This weekend I am headed over to San Diego for a reunion for my chapter of the fraternity I was active with which is celebrating its 50th anniversary. It will be a good chance to see people who were very important many years ago and lie about how much money we make and how much we can still bench press.

On a more serious note I haven't seen too many of these guys since the 1980s (although have reconnected on Facebook and LinkedIn) so this is a milestone event of sorts. We all have these occasional milestones and they are logical times to take some kind of inventory of where we are and how we feel about where we are. Also relevant is whether we are on a path that gives us a chance of getting to where we want to go.

This has plenty of investment relevance in my opinion. I've mentioned quite a few times that when we figure out what is important to us that we then are more like to invest properly.

On a related note is this article at IndexUniverse that takes a very detailed look at how low volatility investing outperforms in the long term. This is along the lines of getting rich slowly which Barry Ritholtz mentioned just yesterday.

The way I view this is that once you get your life stuff together and can look at your big picture you can then really understand that what matters is your long term investment results. It simply doesn't matter whether you beat the market this quarter or this year because very quickly you won't remember your investment result from this quarter or this year. Without looking, how'd you do in the third quarter of 2011?

Obviously everyone comes at this differently, the above is how I come at it and obviously not everyone agrees with the above; no single approach can be right for all investors but you will make things much easier for yourself when you sort what is really important and how you should invest.