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I build portfolios around long-term themes where
I see above average growth, I then pick the Companies/ Funds/ Managers, which
I believe are most advantaged to exploit an emerging or transforming opportunity
scenario.
Risk Control:
Risk is managed through diversification, a disciplined sell process and
company monitoring. If we perceive risk to be increasing, we will shift our
emphasis to stocks with lower risk characteristics or cash and or diversify
the portfolios more broadly.
Although it cannot be avoided, risk can be actively managed. I seek to
control risk as well as achieve returns. I consider risk management to be a
critical component of portfolio construction. I make a practice of understanding
the cumulative risk resulting from individual investment decisions.
On Market Timing
I do not attempt to time the market; however, will allocate percentages of
tactical weightings to cash when risk levels are deemed to be unfavorable. I
seek to maintain market neutral strategic allocations, which represent the
foundation of the Troika. My long-term "buy and hold" philosophy
works to minimize the tax burden of selling low cost base stock positions.
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