Sometimes friends like to discuss the general market conditions. Recently one of my mates commented that things must be great given the prevailing booming market. I concurred, agreeing the Fund was performing well, but I also mentioned I’m not terribly excited by it all, because we tend to focus on process more than outcomes. The considered (and very practical response) was “that’s all well and good, BUT, you live off outcomes, you can’t live off process.”
This is entirely true, and it is the reason why investment in our Fund is not suitable for those investors who would rely on the Fund’s distributions to meet their day-to-day expenses. It is why we suggest our Fund is suitable only for those investors who have at least a five year time horizon, and why we discourage investors from frequently monitoring the Fund’s performance. Invest with Alluvium because you like our process (and have the fortitude to stick with it) for the outcomes will take care of themselves over the course of time.