sam.png

Happy birthday to our Chairman Sam Wang!

Happy birthday to our Founder/Chairman (and my dad) Sam Wang!

When I started in the business, I worked for one of the biggest pension funds in the world. It was during the internet boom and it sure was fun on the way up, but not so much when the bubble popped. I remember my secretary Elizabeth would point out to me and my bosses that the market was down again and therefore her 401k was shrinking as well. They would say that they know but our hands were tied by mandate. We couldn't hold much cash because we were supposed to be fully invested at all times. This led to extremely stressful times as the tech bubble burst and our fund felt the pain in a big way. I felt like there had to be a better way to invest.

sam wang barrons.png

Luckily my father had the reputation for protecting his clients from the 1987 crash. It wasn't an accident as he researched hundreds of variables on what drove stock market cycles and developed a warning system along the way. He never wanted to tell a client that he lost money so he developed a discipline to protect his assets and his clients. He proved that 1987 was no fluke as he protected clients again in 2000 by avoiding tech stocks because valuations made no sense and in 2008 as financial earnings turned from massive profits to massive losses. I joined Runnymede in 2003 and have enjoyed learning from my dad. Asset protection is paramount to our investment philosophy and I can't imagine managing money any other way. Who would want to sit through a 50% drawdown in the market if it is avoidable? Not me and not our clients. While everyone is content with the market near all-time highs, we will be prepared to navigate through the next financial hurricane.

So thanks to Dad for teaching us about economic cycles and investing in the best! And more importantly Happy Birthday!

Runnymede Wangs.jpg

Share This Story, Choose Your Platform!

About the Author: Chris Wang

Chris Wang

IMPORTANT DISCLOSURE INFORMATION 

Please remember that past performance may not be indicative of future results.  Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Runnymede Capital Management, Inc.-"Runnymede"), or any non-investment related content, made reference to directly or indirectly in this blog will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful.  Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions.  Moreover, you should not assume that any discussion or information contained in this blog serves as the receipt of, or as a substitute for, personalized investment advice from Runnymede.  Please remember that if you are a Runnymede client, it remains your responsibility to advise Runnymede, in writing, if there are any changes in your personal/financial situation or investment objectives for the purpose of reviewing/evaluating/revising our previous recommendations and/or services, or if you would like to impose, add, or to modify any reasonable restrictions to our investment advisory services. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. Runnymede is neither a law firm nor a certified public accounting firm and no portion of the blog content should be construed as legal or accounting advice. A copy of the Runnymede's current written disclosure Brochure discussing our advisory services and fees is available for review upon request. Please Note: Runnymede does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to Runnymede's web site or blog or incorporated herein, and takes no responsibility for any such content. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.