The Morrissey Group investment approach is to target value. Not size, popularity, momentum or famous brands, but value. Size and popularity can reflect quality, but they do not automatically make good investment criteria.
Protection, growth, income
When broken down to basic requirements, every investor’s fundamental goals are similar: protecting wealth, growing assets and establishing a reliable income stream. Achieving these goals can mean investing in businesses or sectors that are out of fashion, while bypassing companies that have public recognition but are overvalued.
Independent thought
Thinking independently is not simply a matter of doing the opposite to everyone else. It is about objectively reviewing and assessing opportunities. It takes a particular type of person to invest where value truly exists, rather than seeking comfort by buying into businesses that everyone else owns. The problem is that some investors hate feeling left out. They hate the awkwardness of holding unpopular stocks, while they love the convenience of holding popular stocks, even if they are overpriced. In the long-term, however, the rewards go to independent thinkers who have the confidence to swim against the tide and to persevere with worthy, if little known, investment choices.
Patience
It is vital to have good entry and exit points for every investment. If a stock doesn’t trade at its expected price, or it fails to meet your investment criteria in the short term, don’t panic. Be patient. Over time, worthy investments will rise in value.
Even amid extreme volatility, when you might become scared off by financial market movements, you will have peace of mind knowing that Morrissey Group has anticipated these very conditions. We help clients look beyond day-to-day market movements and focus on their long-term objectives and the robust strategies we’ve put in place to achieve them.
Sticking to your strategies
We seek value in areas that other investors aren’t even considering. This allows us to generate better returns. If a stock is too expensive, we ignore it. Where value is absent, companies underperform over the medium to long term.