Robust risk management philosophy based on three principles:
Investors cannot predict the future; therefore, use a protective approach
Buy quality at a reasonable price; all else on a bargain basis, or not at all
Leave the crowd behind: worry when things look good, embrace optimism when they don’t
Barrack Yard Advisors monitors investment positions constantly. Cash is integral to our risk mitigation process. Securities are sold if they reach high valuations, if the general level of prices appear high, or if we believe we have made a mistake.