SLY Investing

SLY investing is a now-common term coined by Decision Analytics founder Lee Epstein. It dictates that cash investors focus on safety, liquidity and yield—in that order. With recent market disruptions, SLY investing has changed. Investors should realize that:

• Having and following an investment policy is no longer enough.
• Both policy and procedure are necessary.
• Fiduciary duty requires a careful control and oversight of both.
• Independent, third party analysis is vital in this task.