Exact(6)
"It's not easy managing a portfolio like this in this type of an environment".
How well will a speculative portfolio like this preserve capital in a down market?
How well will a speculative portfolio like this preserve capital in a down market when it comes?
A massive portfolio like this one would find beating the market by 14 points impossible, because it pretty much is the market.
But when you assemble a portfolio like this, where you're looking for best of breed, high cash flow, high return on capital companies, you'll be surprised how many of them have American names, like PepsiCo, for example, or Procter & Gamble.
We were the first philanthropic investor that we know of to build a portfolio like this, and it has continued to evolve.
Similar(54)
Robert Davy, who manages $2.5 billion for Schroder Capital Management's Latin American portfolios, likes the region's food retailers but cautions that the market still hasn't bottomed out.
Ms. Benz at Morningstar finds portfolios like this especially useful for nervous, micromanaging investors.
"Never in my life, anywhere in the world, have I seen a loan portfolio like that," he said.
And Andreessen's portfolio, like the entire Sand Hill Road enterprise, wasn't so much overpriced as underappreciated.
At first, the company was more interested in other pieces of the portfolio, like those in Manhattan's meatpacking district, he said.
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