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This is how LBO artists get to be billionaires off mediocre portfolio skills.
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"We've had an interesting period in the last two years or so — a rising tide lifted all boats, even REITs with mediocre portfolios — but now the market is starting to sort through all this," said Samuel A. Lieber, the chief executive of Alpine Woods Capital Investors, whose Alpine U.S. Real Estate Equity fund lost 23.4percentt last year.
Three years ago, consumers shunned its tired portfolio of mediocre cars and gas-guzzling trucks and sport utility vehicles.
He took a few snapshots of the car anyway, and after struggling through a life-drawing class, he threw his mediocre nudes into a portfolio, along with the car photos, and sent off an application to what was then the most prestigious auto design course in the world, at the Royal College of Art in London.
"Capitol Losses: The Mediocre Performance of Congressional Stock Portfolios, 2004-2008" (with A. Eggers).
Some operators stuff mediocre funds into their target portfolios, perhaps hoping that their performance histories will be less visible there.
It is that the combination of high fees and diversified portfolios will result in mediocre returns.Clients may slowly be waking up to that reality.
It also could turn out to be extremely dangerous, financial advisors warn: If things don't play out as you've bet, your portfolio results could range from mediocre to disastrous.
Why did the model portfolios that did well in the bear market have mediocre longer-term returns?
In his later years, Curtis was mainly reduced to being a celebrity without serious portfolio and this, combined with his early teen-idol image and a raft of mediocre films he did while under studio contract, left him with a reputation that was lighter than many of his earlier roles would otherwise inspire.
Utterly mediocre".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com