Following last year’s successful summer outing, majority vote meant we were off to for a day at the races this year. Not perhaps something that you would associate with a firm of financial planners with an investment philosophy based on a Nobel Prize winning theory!
After a short coach trip from our offices in Lewes, we arrived at Lingfield Park, were shown to our Eclipse Suite and greeted by our host for the day. The fizz was opened and soon we were soon tucking into a delicious 3 course lunch.
Once those of us who were racing novices had been briefed ab
out how to place a bet, we moved out onto our private patio to enjoy the view of the winning post and the unreliable British sunshine. We had no strategy in the picking which horse to bet on, we chose horses with the most appealing names and hoped by chance that it would win!
It 
was nice to be away from the office for a day and overall we had a fantastic time but with only a few wins and a lot of losses I learned a good lesson. It reminded me that picking investments can be like picking horses and it is for this reason Herbert Scott’s investment committee does not engage in tactical plays instead relying on getting returns from the market as a whole. Those who know Kevin will know he likes a nice analogy and I think even he will be pleased with this one!