![]() Who are the most successful investors and those that focus on long-duration investing? The alternative asset managers and private equity firms like Blackstone, KKR, Brookfield, Apollo, etc. The facts are clear, the longer the time period, the higher the odds for investment success. Widening the investment lens to longer time periods and cloning what the smartest investors do is a powerful one-two punch for a portfolio. They include: Larry Fink, Ron Baron, Bill Miller, Jon Gray, Sam Zell, Seth Klarman, Ray Dalio, Stan Druckenmiller, Jim Simons, John Paulson, Bill Ackman, Sandra Horbach, Bruce Karsh, Marc Andreesen, and Michael Moritz of Sequoia Capital to name a few. Here’s a link for your convenience:ĭavid interviews some of the smartest and most successful investors in the world. ![]() I could not put this book down and read it over a 5-day period while visiting family in NJ. The book is called, “How to Invest” and it was released recently. If you want to know who some of the smartest investors are, I urge you to go buy a new book or audiobook from Private Equity pioneer, David Rubenstein, the co-founder of The Carlyle Group, a global private equity investment manager. Monetizing today’s uncertainty through the best investors on the planet. Perhaps it’s time to shift our focus away from macro and trying to predict the next black swan event and focus on investing in the themes and companies best positioned for the new normal of higher inflation, rates, and the cost of capital. But largely, our work suggests that brands with strong balance sheets, free cash flow generation, and large untapped market opportunities will exceed lowered expectations and their stocks will turn in much better years versus 2022. ![]() We expect volatility to stay elevated because there are still some outstanding items needing more clarity. While the world is still waiting for the next shoe to drop in macro, high quality companies continue to perform well, adapt to the changing environment, and their stocks have had nice recoveries thus far in 2023. Macro can only carry us so far before the company fundamentals and their long-term opportunities again take the wheel. In the investment business, great opportunities are presented when markets struggle and fall. While it’s quite natural to feel nervous driving a car after a car wreck, often the only thing holding us back is our fear of yesterday’s boogie man. In my conversations with advisors and analyzing money flow data, there appears to be lingering apprehension for risk-taking initiatives. Very difficult years tend to create investor PTSD, which often holds them back from uncovering opportunities. The difficulties of navigating markets in 2022 are well chronicled. Investors are still focused on macro versus company micro fundamentals. Uncertainty & 2022 macro PTSD is still high across markets.Įvery portfolio deserves an allocation to the smartest investors & their strategies.Īlternative asset managers are embedded with a coiled spring of future earnings
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