In the long run the capital markets have been very efficient in capturing the growth of capital generated in a free economy. We believe the only way to generate returns in excess of this capital growth is by paying close attention to both the price paid for a capital investment, and the drivers that impact supply and demand. In simple terms, we are looking at things the way they really are, and not as we hope they will be.
If it is true that the total outstanding shares of common stocks available for investment change so slowly that supply in the short-term is relatively fixed, then the greater potential for superior performance will stem from a concentration on the drivers of demand. These drivers are not based on rational expectations, but rather on behavioral weaknesses that are hard-wired into our psychological makeup, such as:
We apply a quantitative model to isolate those drivers of demand based on these behavioral weaknesses. By incorporating this overall philosophy into an investment portfolio guided by your goals, we believe you will optimize your portfolio to meet or exceed your required rate of return.
Anderson Griggs & Company, Inc., doing business as Anderson Griggs Portfolio Management is a registered investment adviser with the US Securities & Exchange Commission. Pursuant to laws and regulations Anderson Griggs also maintains notice filing with several individuals state regulators including North and South Carolina. Anderson Griggs only conducts business in states and locations where it is properly registered or meets state requirements for advisors. This commentary is for information purposes only and is not an offer of investment advice. We will only render advice after we deliver our Form ADV Part II to a client in an authorized jurisdiction and receive a properly executed investment Management Agreement. Any reference to performance is historical in nature and no assumption about future performance should be made based on the past performance of any Anderson Griggs Investment Objective, individual account, or index. The authors of publication are expressing general opinions and commentary. They are not attempting to provide legal, accounting, or specific advice to any individual concerning their personal situation. Anderson Griggs Portfolio Management's office is located at 113 E. Main St., Suite 310, Rock Hill, SC 29730. The local phone number is 803-324-5044 and nationally can be reached via its toll-free number 800-254-0874.