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Harmonizing Long-Term Investment Strategies
This chapter draws an analogy between musical ensembles and investment portfolios, emphasizing the importance of collaboration and individual roles for harmonious outcomes. It promotes a long-term investing philosophy, highlighting the value of patience and craftsmanship, as illustrated by the example of 12-year Scotch whiskey. The discussion addresses the challenges faced during 2020, reflecting on strategies for maintaining focus on customer satisfaction and the need for nuanced decision-making in long-term asset management.