Investment Letters

Investment Letters

WELCOME TO MY MONTHLY MARKET MUSING !

Every month I put together a collection of the ‘better’ pieces I have written for clients and prospects – I throw out MUCH more than I include believe me.

The monthly ensemble includes market commentary, potential opportunities [in private markets] and ideas for sourcing, structuring and due diligence.

I find writing focuses the mind and forces one to a conclusion … my ultimate goal is to find the truth so as to steer clients towards both profits and safety of capital.

My specialty is Alternative Investments (AI) and I have worked with institutions, families and individuals to allocate over $1B+ in Private Equity, Hedge Funds, and Real Asset investments over my 20 year career spanning 3 continents.

My investment philosophy is contrarian but not dogmatic! I find my best successes have occurred when fundamentals, technicals and sentiment (I’m a big proponent of behavioral finance) align.
Here’s what 20 years of investment has taught me:

Nothing and I mean nothing works all the time in the markets. The best you can hope for is

Periods of out-performance using your methodology, followed by;

Periods of losses or high volatility that doesn’t make you so uncomfortable that;

You bail on your philosophy and have to repeat the cycle with a new religion later

In investing there are good neighborhoods (asset allocation) and good practitioners (investments vehicles / managers). In our experience you are better off in a good neighborhood (instrument, sector,style, geography) than a good manager. Said differently a GOOD NEIGHBORHOOD CAN COVER THE MISTAKES OF A BAD MANAGER – but it’s better to have both.

Oh and did I mention contrarian? Move against the herd.

“Be fearful when others are greedy, and be greedy when ….” –Warren Buffett

So that’s it folks. Complexity has never served me well so I endeavor to keep things simple and yes profitable but most importantly enjoyable for you my valued reader.

If any of the opportunities identified are of interest … let me know. If you need help sourcing, structuring and due diligence … let me know.

Your humble editor
Greg

Contact For Best Alternative Investments Solutions

Newsletter for Private Market Investors

Greg Silberman 20-05-15

Greg Silberman CFA®, CAIA, CA(SA)
Chief Investment Officer
ACG Investment Management LLC.
3333 Piedmont Rd. NE
Suite 2010
Atlanta, GA 30305
Office: 404-893-4100
Direct 404-991-7039
gsilberman@acgimllc.com
 

Contact For Best Alternative Investments Solutions

Latest Posts

Travel for Fun and Profit

Travel for Fun and Profit

It’s funny really. My kids always get a kick when I tell them for the first 24 years of my life I lived in the same bedroom in the same house! My first real night living out, believe it or not, was after I got married! Then, to make up for lost time … I proceeded to reside on 4 continents … Africa, Europe, Australia […]

Read Me Leave comment
The Absurdity of it All!!

The Absurdity of it All!!

Arguably that which differentiates Britain and her colonial subjects from the Free Burghers of this great United States is that most civilized of games. Not Soccer; Nor my favorite Rugby; No, ‘tis the game of leather and willow, Bat and Ball, A 22 yard pitch, wickets and bails (that’s bails with an i). CRICKET. A game inexplicable to the modern day American. Take the puritan […]

Read Me Leave comment
When Tesla Powerwalls and the Congo Basin Collide

When Tesla Powerwalls and the Congo Basin Collide

“Doctor Livingstone, I presume?”   It was the age of Exploration! Dispatched in 1869 by the New York Herald, journalist Henry Stanley undertook a roving commission of the Middle East and Africa which included the relief of Dr. David Livingstone. A Scottish explorer of whom little had been heard since his departure for Africa in 1866 in search of the source of the Nile. During […]

Read Me Leave comment