Capital Preservation Is the Foundation of Wealth - By Matthew Simpson, CFA

Recent market conditions have highlighted a simple but important principal: losses and gains are not equal. When a portfolio takes a meaningful loss, it needs a larger gain to recover, which can slow long-term growth. As a result, the importance of capital preservation in sustaining wealth over time is underscored.

The full article, recently published by the CFA Institute, outlines prioritizing downside protection, particularly during periods of market stress, investors can enhance long-term outcomes while maintaining greater flexibility in portfolio management.

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