Maximizing Long-Term Portfolio Performance by Pursuing Quality, Value, Focus and Balance: An Expert Portfolio Manager Discusses His Strategy with The Wall Street Transcript

Wall Street Transcript

67 WALL STREET, New York - April 4, 2013 - The Wall Street Transcript has just published its Investing in Gold and Value for Downside Protection Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

Topics covered: Value Investing - Long-Term Investing - High Quality Companies - Global Investing - Investment Strategies - Large Cap Investing - Longer-Term Investing - High Quality Companies - Investing in Gold - Long-Term Value Conservation - Precious Metals

Companies include: n/a

In the following excerpt from the Investing in Gold and Value for Downside Protection Report, an expert portfolio manager discusses his investment philosophy and portfolio-construction strategy:

TWST: What is your overall investment philosophy?

Mr. Weary: First and foremost, we are focused on quality, for we truly believe that greatness matters - great companies, great managers and great strategies. However, in investing, value also matters, so we attempt to balance quality and value when seeking out investments.

Quality is rare; therefore, we believe that focus is essential, selecting only the best stocks and managers for our portfolios. Balance is also a core attribute of our clients' portfolios, for the absence of it, or imbalance, is a surefire prescription for disaster. I feel that we have the best chance of maximizing long-term performance for our clients by pursuing quality, value, focus and balance simultaneously when building and managing portfolios.

We're conservatively postured at the moment. As I mentioned, many of our clients are families of significant wealth. They already have money, and they want to keep it. Our view is that we are 12 years to 13 years into a secular bear market that probably has another three to five years to go.

Thus, we tend to place relatively equal emphasis on equities, broadly defined fixed income strategies and alternative investments. Notably, we probably have a much higher gold position relative to other advisers; we recommend about a 10% position in physical gold bullion for most clients.

TWST: Why do you recommend holding that 10% in actual gold bullion?

Mr. Weary: To answer that question, one needs to take a step back and ask, what is gold? Why would you have it in a portfolio...

For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

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