DISCIPLINE | PATIENCE | CONVICTION

While diversification is an important investment concept, being diversified between stocks, bonds, and cash alone may not be enough. A static “buy and hold” approach in a market that is increasingly dynamic is antiquated. Today, prudent risk management and capital preservation strategies are paramount to protecting investor’s long-term interests. Diversifying by investment style and across sectors, geographies, and asset classes can help insulate portfolios from market uncertainty and improve the potential for better outcomes.

In The Adaptive Investment Portfolio, Michael P. Ernst offers a clear and well-defined process that guides investors on how to build a portfolio that automatically adapts to changing market conditions. By reducing volatility and providing a smoother ride, investors can avoid taking an emotional response to managing their investments, providing a higher level of confidence regardless of market conditions.