Written by David Fabian, March 15th, 2017
Four years ago, we set out to build something special. The founding of FMD Capital Management became not only a professional achievement, but also the start of a journey to find a better way to manage money.
This week marks the fourth anniversary of our firm’s origin. We started this company with the commitment to work harder than other investment advisors. To be advocates for our client’s best interests and to share our knowledge in real-time. It’s with great pride that we continue that same bedrock promise to this day. Read more
Written by David Fabian, February 27th, 2017
There is a misplaced psychology among active investors and many advisors that they must always be doing something with their portfolio. It’s the notion that activity leads to profitability or that instant gratification is a requirement of sticking with any process for more than a few months.
This emotional response is compounded when you are paying someone to look after your account with very little physical action – i.e trading. It’s easy to think to yourself that “I don’t need to pay this person to sit there, I can do that myself for free”. Read more
Written by David Fabian, February 03rd, 2017
Investing is a stressful endeavor – plain and simple. You never have all the facts to make a perfect decision. You are only able to see the right answer with the benefit of hindsight. Things are always slow on the way up and frenetic on the way down. This all leads to emotions taking their toll on every single one of us. Read more
Written by David Fabian, January 15th, 2017
The stock market is a machine that will eventually humble every single one of us. It doesn’t care what you think it should do. It has no alignment with your political, social, or environmental beliefs. It is simply a mechanism for transferring your hard-earned money into an asset that will fluctuate over time. Sometimes that means higher and sometimes that means lower. Read more
Written by David Fabian, December 26th, 2016
Some would say (read: my wife) that I’m a creature of habit. However, I think that having consistency with your investment routine creates a culture of success. It allows you to continually act on what works and avoid straying from a predesigned plan of attack.
One of my habits is to write an annual review of the lessons I learned over the preceding twelve months. The purpose is to impart both successes and missteps in a way that bolsters your own investment endeavors. Many of these lessons are ones that I continue to re-learn or emphasize every single week. Read more