Research & Perspectives
Invesment Philosophy
Almost every multi-family office or investment advisory firm espouses a philosophy. Often that philosophy is an expression of a process or an assumed goal for a portfolio. These are generally a focus on multi-generational investment horizons, capital preservation, having an open architecture, among many others.
At Parkview we beg to differ. Having a goal or a process is not the same as having a philosophy. Our philosophy is simpler. A good portfolio is one where the client fully understands the risks. In the articles below, we explore some of the questions that arise out of our conversations with clients.
Whose Investment Philosophy Is It Anyway?
Looking Within "The difficulty lies not so much in developing new ideas as in escaping from old ones." - John Maynard Keynes Investment philosophy books and statements usually tend to agree on one core concept: to build a satisfactory portfolio an investor needs to...
Uncertainty, Risk, and the Comfort of a Good Story
"People will choose unhappiness over uncertainty." - Tim Ferriss We crave certainty. It makes our lives easier. We spend time planning for the future. These measures give us a sense of control. We leave no room for luck. Our moves are measured and calculated, designed...
The Roundabout Search: Purpose and Profit
"The mystery of human existence lies not in just staying alive, but in finding something to live for." - Fyodor Dostoevsky Purpose is a fuzzy concept. It lends itself to different interpretations as wide and as varied as a lump of clay ready to be sculpted. When we...
Being Wrong for the Right Reasons: Soros and Dalio
“I'm only rich because I know when I'm wrong.” - George Soros “One is inevitably going to be painfully wrong a lot, so knowing how to do that well is critical to one’s success.” - Ray Dalio George Soros and Ray Dalio have many things in common. They are also polar...