Been reading up on Sun Tzu’s The Art of War? If not, you had better move the book to the top of the weekend reading list- the next ten years of your career might depend on it.
Larry Fink is advising investors in general and his clients in particular to own 100% equities. Clearly the man who was instrumental in building a 3.3 trillion dollar asset manager on the foundation of bonds has become a stock guy.
Steve Jobs was the greatest aggregator of applied ideas in our time. Great innovator, yeah sure, that too. But what strikes me was his ability to take multiple things, somehow related but seemingly disparate, and combine them into something new.
It seems that American Funds, the formidable asset manager based in Los Angeles, is having a bit of an odd Oscars moment. They are winning all of the accolades but not seeing the box office sales.
The manager meeting is the crux of the selection process. For selectors, it is the link between a fund’s historical record and its future potential, by understanding the direction a manager is likely to take the fund.
Face-to-face meetings with fund managers give selectors the opportunity to get beneath the veneer of expertly designed pitchbooks, well structured questionnaire responses and marketing spin.