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cityviewmag.com 21
SEPTEMBER
OCTOBER
Great Offense. Excellent Defense.
They say a good offense wins games, but a great defense
wins Championships. It doesn’Äôt matter how many points
you score if you allow the other team to score even more
against you.
This ’ÄúWinning by not losing’Äù strategy also holds true for
investment management. It doesn’Äôt matter how much
money you gain in a bull market if you lose it all in a bear
market. For example, if you earn 100% in a bull market
it only takes a -50% bear market to put you back on the
losing team.
Hedge funds are known for active risk management. They don’Äôt buy and hold. They
sell losers before the loss gets too large and apply hedging strategies to limit losses.
Mike Shell has one of the strongest and longest running track records applying active
risk management global tactical strategies to exchange traded securities like ETFs.
It’Äôs a hedge fund style strategy but it’Äôs offered as a managed account. Your account is
titled in your own name at an institutional custodian like J.P. Morgan or Trust Company
of America. Shell Capital manages the account for you.
If you are looking for an alterative to passive buy and hold or a complement to fixed
asset allocation, call (865) 539-9070 or visit
learn more
about the
Asymmetry
®
Investment Program.
Mike Shell
Chief Investment Officer
Portfolio Manager
Shell Capital Management, LLC | 500 Ebenezer Road | Knoxville, TN 37923