Afford Anything cover image

The End of Recessions?, with Ben Carlson

Afford Anything

Key Take Away Number 5 - Your Investment Philosophy Versus Your Investment Strategy

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There is a distinction between philosophy, strategy and tactics. For example, my philosophy might include a predominantly passive approa to managing my investments. But the strategies that you use get there and the tactics that you adopt in support of those strategies can be very flexible on. Sometimes it's hard to know whether you're trading or whether you're investing. And that's the same thing with every investment as defining your risk profile and time horizon.

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