Risk Management Comes First.
Investment return requires the assumption of risk. Navigation seeks to identify and measure risk, select risks that can be understood and managed, and pursue an appropriate return for the risks assumed.
Risk management first means selecting risk.Investment Tools
Tools are chosen based on market conditions and risk assessment.
Navigation studies market trajectory rather than companies.
What Navigation May Use
What Navigation Does Not Use
Timing Matters.
Market timing is an important part of Navigation. We seek to identify meaningful changes in market trajectory as early as practicable, using both traditional technical tools and non-traditional analytical methods.
Particular attention is given to conditions that may signal the beginning of a major market decline and recovery, when the timing of portfolio adjustments can materially affect investment outcomes.
Traditional Technical Tools+Non-Traditional Analytical Methods
Historical instances of successful timing do not assure that future market turning points will be identified successfully.
An Integrated Investment Process
Navigation brings market understanding, risk management, tool selection, capital allocation, and timing together.
Understand Market TrajectoryAssess the broader market environment.Assess RiskIdentify and evaluate manageable risks.Allocate and SelectChoose appropriate tools and exposure.Adjust Over TimeReposition as conditions evolve.