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Measuring Results
Long-term success comes from measuring investment results against benchmarks established from the goals and objectives established in the Investment Policy Statement. This measurement process must result in a clear, understandable report. While periodic reports are crucial, these reports must not be more frequent than quarterly; looking at results more frequently is apt to result in serious, long-term investors getting caught up in short-term results, which can lead to making changes at just the wrong time.
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