Co-Founders' Monthly Note For Financial Advisors

September 2025:

Compounding Requires Time, Stability, Patience

Quiet markets can feel uneventful, but they’re often when the real work of investing takes place. Compounding isn’t flashy. It requires time, stability, and patience. When volatility is subdued and trends are intact, progress builds quietly in the background, setting the stage for meaningful long-term results.

That doesn’t mean we’re idle. A systematic investing process doesn’t switch off when markets are calm; it keeps monitoring, measuring, and preparing. Calm periods are when discipline is reinforced, so that when conditions inevitably change, the system can respond with clarity instead of emotion.

In this month’s Co-Founders’ Note, we explore why periods of calm are powerful for investors — and why staying prepared, not passive, is the key to long-term success.

But first, here’s a summary of what transpired in the markets in August.