Your investment portfolio is a mirror. It’s an illustration using the medium of money to reflect your personality, ethics, goals, temperament. Show me your portfolio and I will show you who you want to be. Show me your portfolio over 10 years and I will show you who you are.
The greatest challenge managing personal investments is not beating “the market” or merely keeping up with “the market” or even keeping up with the Joneses. No, the uphill battle is maintaining a portfolio that so keenly and acutely ties into your character, your risk tolerance, your time horizon, that you sleep soundly each night comfortable that the magnitude of any gyrations in your investment performance are within your tolerance. It is possible of course that you are stimulated by extreme swings in your portfolio balance, but that too would echo the sounds of your being.
“Have you ever noticed that anybody driving slower than you is an idiot, and anyone going faster than you is a maniac?”
– George Carlin
Your circumstances are unique and trying to action your portfolio based on the daily noise from the financial media-sphere is impossible. Unfortunately, most every investor not only spends precious time seeking a silver bullet, but look to strangers, to see how they did, and what they forecast. And why is it relevant what these others are doing? Are they you? Do they share your lifestyle? Your family? Your choices? There are no gurus, only voices shouting over each other from the peanut gallery.
Mr. Karsh is a Partner and Co-Founder of Streitwise. His primary responsibilities include sourcing and executing new investments, managing corporate operations, and overseeing investor relations and reporting.
Prior to forming Streitwise, Mr. Karsh was an Acquisitions Analyst for Canyon Capital Realty Advisors and the Canyon-Johnson Urban Funds, where he was responsible for underwriting, structuring and executing value-add and opportunistic transactions. He holds a Bachelor of Arts degree in Political Science from the University of Pennsylvania. Mr. Karsh is a member of ULI and is also a Real Estate & Construction member of the Jewish Federation of Greater Los Angeles.