investment philosophy
Robert believes in certain key principals:
- Asset Allocation is typically the major driver of returns and risk
- Timing the market often leads to buying high and selling low
- Bonds of distressed issuers can offer value otherwise tread carefully as, unlike in the case of equity, management may be incentivized to reduce bond values
- Structured products are best avoided due to typical illiquidity, complexity, leverage, and embedded fees
- Value investing Benjamin Graham / Warren Buffett style offers a great chance for outperformance for the patient investor
- David Swensen of the Yale Endowment and John Bogle of the Vanguard Group have blazed a trail that is worth considering regardless of one's level of wealth.