January 19, 2022

FROM THE CROW’S NEST:
CHANGE IS GOOD

by Jeffrey R. Miller, CFA

Change is a simple fact of life. Whether we accept it or not is irrelevant – it is how we accept it that mat-ters. Armor Investment Advisors is experiencing much change and I believe it is all for the better. We con-tinue to grow and have moved and expanded our offices to accommodate this growth. The appointment of Adam Morgan as our new Chief Investment Officer is a welcome part of our changing world. As we have grown, our people and technology have been updated to manage an expanding clientele. One of our key business principles has always been that if you take care of the client the business will take care of itself. That focus will not change. 

I have experienced much change in a long business career and at times it can appear overwhelming. In all cases it proved challenging, yet also represented an opportunity to grow as a person. Change forces us to re-establish our world view and avoid rust formed by a lack of inertia. 

My evolving role with the firm means I will be able to concentrate on matters of a more strategic nature, while focusing on a shorter list of clients and supporting Adam in his new role. I also look forward to engaging in projects which have been much deferred. Adam has some great ideas which we look forward to pur-suing for the benefit of our clients. 

Part of the change for me means I am not retiring but am looking forward to more time for activities which people do when they actually retire. I enjoy what I do at Armor and will continue to do so for as long as I have my health and a clear mind. It is said that the concept of retirement has been redefined and many choose to keep working as our health and lifespans (hopefully not our waistlines) keep expanding. 

This my plan. I will continue to manage investments – this is my greatest intellectual challenge. I will spend more time in a gym, swimming pool, or on a hiking trail. I have a brother (retired) who wants me to work on a much-neglected golf game. I will be more focused on family, especially my wife, and an aging father who takes a licking and keeps on ticking as he approaches 94. 

What I won’t do is just hang around and tell our people how to do their jobs. They are very capable and that deserves to be respected. 

So, there you have it. I will continue to write a second, shorter but hopefully humorous commentary on current affairs while Adam takes over prime responsibility for the main article. I have only advised him to try and inject a little humor into it as I have always sought to do. That makes it more interesting and fun to read. 

My final word is to have a Happy New Year! We are all tired of pandemic pandemonium, but this will end. Our lives have all have been changed these past two years - that is a simple fact of life.—J. Miller

Nothing contained in this post is intended to constitute legal, tax, securities or investment advice, nor an opinion concerning the appropriateness of any investment, nor a solicitation of any type and does not guarantee future results. The information contained in this post should not be acted upon without specific legal, tax and investment advice from a licensed professional. Past results are not indicative of future performance.