- When surveyed, 80% of advisers said the client relationship was most important, while 79% of high-net-worth investors said portfolio performance was most important. Results matter more to investors. - To break even after a 25% loss in one year requires a 33.3% gain the next year. Large losses require large gains just to get back to even. Having an exit strategy is important to control losses. - Investors must run their portfolios like businesses with clear strategies, or hire competent managers. The only thing worth paying for is investment results.