Investors are often convinced to entrust their portfolio management to a team or a few individuals with seemingly unique expertise which arguably justifies high fees for the knowledge, analysis and resources associated with that expertise. However, what if the expertise that is truly relevant and which explains the performance of most successful products and managers is not the ability to forecast which security, sector or asset class will outperform but rather how efficiently we structure our portfolios?
Successful Investing is a Process looks at the actual evidence about what drives out-performance. It concludes that the portfolio structuring process, and not the ability to forecast expected returns, explains the performance of successful products and managers. It makes this argument by integrating the knowledge resulting from more than thirty years of empirical and research evidence in most relevant investment domains. It provides a road-map to achieving investment success without the fees often associated with unreliable forecasting expertise.
At IPSOL CAPITAL we believe the performance of nearly all successful managers, which is not attributed to luck, can be explained by the combination of up to three structural qualities, each related to a form of diversification. What matters most is not the investment style, whether passive, quantitative or fundamental, but the efficient integration of these structural qualities within the investment and portfolio structuring process. IPSOL CAPITAL provides investment solutions for all public market asset classes and for multi asset class portfolios that integrate all relevant forms of diversification.