The “Helpers” Meet the Gotrocks Family

The “Helpers” Meet the Gotrocks Family

Link: Warren Buffett – Berkshire Hathaway Inc. – “How to Minimize Investment Returns”

This is the story of the Gotrocks family as told by the Master of investing, Warren Buffett, and it ought to be considered a must read for anyone considering the use of capital markets as part of their wealth management strategy. Out of respect to the Sage of Omaha, I am humbled by the deprecating clarity of his observation and comforted by his story telling ability.

I also have a confession to make. I am a “Helper”.

I’m a Helper feeling as though the 12 step rehab program is going to be a no, no, no! It’s not my fault, helping is a disease, not an illness! If I don’t provide the services of a Helper, someone else will. I’ve been enabling Helper dependency for 25 years or so! Talisman is not in denial, on the contrary we’re earning our keep doing things that are worth doing.

Quack, quack, quack. If it walks like a duck and talks like a duck, it probably is a duck! So how is Talisman any different?

Have you ever heard of the Black Swan or a Black Swan event as it is told by Nassim Nicholas Taleb?

Here is why Talisman has become a Black Swan event among the Helpers. Our passion for what we do has transformed the fricitional cost of a Helper into tangible benefits, making Talisman the canvas of our art. We have refined the Helper role into something that is accretive to value rather than an over hyped detraction.

First of all, we take the time to get to know each of our clients intimately well, including their hopes and dreams. We start with a written plan to confirm and develop our understanding. We integrate our work with the work of other professional advisors and monitor the results. We apply the simple but not easy value investment discipline, proven to protect capital and add value in support of our client’s objectives.

We’re different because we don’t throw our clients savings against the wall to see what sticks. Our concentration in tightly focused portfolios is effective and simple, but not easy. We don’t inflict unecessary frictional costs in the form of active trading onto our clients. The method we use to trap cash from our investments for future investment opportunities is also simple but not easy.

Our commitment to being the best at what we do makes us develop unique systems, tools, and processes to uniformly ensure that the security of each of our clients is not left to chance. We’re not trying to change our past; we’re Helpers and our role is to clearly provide value far in excess of any frictional cost.

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