How time flies! I remember the day I started work in the ‘’City” very well. It was September 1968, and having graduated from my university in June, I was offered a job with a London stockbroker, Montagu Loebl Stanley, a result of an introduction by the well-connected father of a girlfriend. It was a bit like that in those days!
What was most outstanding was my salary of GBP1,000 a year, 250 quid more than you would get on a Unilever, Marks & Sparks or Shell management training programme. I could see myself becoming a prosperous City gent, living in the stockbroker belt and commuting to London. Oh, and by the way, I didn’t have to get to the office until around 9:40am (ten mins before my superior arrived) and could leave around 4:50pm (about ten mins after he had left the office) and that was after lunch which started at around 12:30pm with gin & tonic or a sherry, and finished at 3:00pm with a glass (or two) of port! Not bad prospects for a young man.
Now almost 50 years later, I can look back on a life that took many twists and turns thereafter. While I have always worked within or in association with the financial services industry, I have held many different positions spanning a broad range of activities. I sometimes wonder if there is anything I haven’t done! My career has covered equity sales, investment management, investment research, corporate finance, precious metals trading, mergers & acquisitions, debt financing, public offerings, private placements, wealth management, international finance advisory, real estate, foreign exchange, strategic consulting…well, I am sure you get the idea!
Furthermore, I have pursued these activities in many parts of the world. I must have moved home 30 times in the past 50 years, living and working in London, Paris, Tokyo, Hong Kong, Los Angeles, New York, Tampa and my current home in Istanbul. I have managed responsibilities for offices in France, Germany, Italy, Sweden, Singapore, South Africa, Australia and Brazil. I have conducted business in at least 15 more countries including exotic (or at least they were 20 or 25 years ago!) places like Indonesia, Malaysia, Sarawak, Mexico and Chile.
With this responsibility comes the importance for awareness. I must always have a very good idea of what is going on in the country in which I was doing business, as well as the rest of the globe. You can’t make good decisions, indeed any decisions, without information, facts, forecasts, interpretations, explanations and the ability to form a view on something and take appropriate action.
Nothing could be more true as well for making investment decisions either by oneself or in conjunction with a savvy financial advisor. The forming of a view and taking action, or not taking action which is a choice within itself, when it comes to an investment is often based on experience. This is largely what my career has been based on!
I could not begin to list the political and socio-economic changes that I have witnessed this past half century, all of which has impacted my perception of this world. I have witnessed the consequences of decisions made by politicians, central banks, business leaders, voters, army generals, workers, fanatics, and more. I’ve come to recognize the strong influence of writings from economists, think tanks and financial forecasters that have impacted decisions made by others who have little choice but to rely on what they are being told.
50 years ago the sources of information, intelligence and data were far less readily available than they are today. I didn’t own a mobile phone until the early 70’s…and that just made phone calls! I wasn’t able to use a computer (or didn’t bother to try) until the mid-90’s. Today, I eve know how to Google!
Where is all this leading? Earlier this year I met a very smart young man by the name Simon Calton, who shared with me his vision for ‘’investing,’’ and more specifically the Company he wanted to build and the products that he wanted to offer investors in this topsy-turvy world of ours.
Simon’s strategy was based on what he and his colleagues had learned following the financial crisis of circa 2008. His company, Carlton James, wanted to give investors the opportunity to sleep soundly in their beds during times, like now, where we are likely to global upheaval and change in political and socio-economic terms…just as I had identified in 1968 and onward through my career.
I was so impressed by Simon’s understanding of the world and his commitment to working with investors to achieve their dreams, that I emerged from semi-retirement and a comfortable life in beautiful Istanbul by accepting his offer to become Chairman of the Board of the Carlton James Group. Thus, I have subsequently thrown myself into helping the CJG team promote and market their new fund the ‘’Diversified Alpha Fund’’ to investors around the world. When I say “investors,” I’m referring to the network that make the most sense to us, including wealth managers, family offices, financial advisors, international financial consultants and directly to high net worth individuals.
And now, the story I have shared in which I lived through over 50 years in this business, makes so much sense.
There have been so many times in my career where I considered a number of boxes that need to be checked off when making an investment decision in troubled times. Diversification, Capital Security/Preservation, Guaranteed Income, Regulated Investment Vehicle, Mutual Fund, Liquidity – and possibly most important – Track Record.
The Carlton James Group and our new ‘’Diversified Alpha Fund’’ meet all of these criteria and more. 50 years of experience make me a big supporter, and now, a proud member of the team.
— Tony Moore, Chairman of the Board at Carlton James Group