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RICK BOOKSTABER SHARES HIS INSTITUTIONAL LEVEL FINANCIAL RISK MANAGEMENT EXPERTISE WITH INDIVIDUALS
Part 2 of 2
Financial risk management has long been available only to institutional investors who pay a fortune to acquire it. Rick Bookstaber who has been a chief risk officer at many leading financial institutions is bringing his approach and knowledge to individual investors through his new consulting firm Fabric and is sharing it with WEALTHTRACK viewers.
WEALTHTRACK Episode #1813 broadcast on September 24, 2021
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RICHARD BOOKSTABER
- Former Chief Risk Officer, University of California’s Pension & Endowment Portfolios,
- Founder & Chief Risk Officer,
- Fabric
ACTION POINT
DO A PERIODIC RISK ASSESSMENT OF YOUR FINANCIAL SITUATION
- Review Your Financial Goals
- How Well Does Your Portfolio Match Them?
- How Concentrated Are Your Holdings?
- (For Example: 10 Stocks, Including Faangs = 25% of S+p 500 Market Cap)
- How Leveraged Are You?
- Too Much Debt Can Lead to Forced Selling in a Market Downturn
- Do You Have Enough Savings to See You Through a Bear Market?
BOOKSHELF
ONE INVESTMENT
UNDERSTAND YOUR PORTFOLIO’S RISKS
Review your holdings on a factor basis
Examples:
- Technology vs. Basic materials
- U.S. vs. Emerging markets
- Value vs. Growth
- High cap vs. Low cap
ARCHIVE
Richard Bookstaber from the WEALTHTRACK Archives:
WEB EXTRA
STRATEGIC SPORT
Financial risk management expert Rick Bookstaber has earned a black belt in Brazilian jiu jitsu, a sport he is passionate about for both its athletic and cerebral qualities.
FINANCIAL RISK EXPERT RICK BOOKSTABER IDENTIFIES THE SUBSTANTIAL NEW RISKS FACING THE MARKETS TODAY
Part 1 of 2
In a recent WEALTHTRACK interview investment legend Jeremy Grantham said we are in a “bubble of epic proportions,” more dangerous than 1929. He cited what he calls extreme valuations and speculative behavior in the stock, bond, housing, and some commodity markets.
If Grantham is right, or even if conditions are not as extreme as he believes they are, there is no question that there have been record-breaking bull runs in all of those markets in the last couple of years. But how risky are they for investors?
For answers, we are turning to a noted expert on managing financial risk. Our guest this week is Rick Bookstaber, Founder and Chief Risk Officer of Fabric, a platform he created in 2018 to provide institutional-level risk management tools and advice to individuals through financial advisors and asset owners.
Continue Reading »FINANCIAL THOUGHT LEADER ROB ARNOTT LIKES BUYING CHEAP ASSETS. WHERE HE IS FINDING THEM NOW?
Large-cap U.S growth stocks, particularly tech stocks have been the overwhelming winners of the last decade. They now dominate the market. The top ten S&P 500 stocks, including the FAANGs, account for more than 25% of the index’s total market value, a concentration that worries some market watchers because it is reminiscent of other market tops such as the dot-com bubble when internet stocks made up over 30% of the S&P and the credit bubble when banking stocks reached more than 20%.
With the exception of short-lived spurts value stocks, small-cap stocks and international stocks have badly lagged.
Continue Reading »EMERGING MARKETS BONDS OFFER IMPROVING CREDITS, HIGHER YIELDS, AND DIVERSE ESG OPPORTUNITIES
One of the biggest challenges for investors since the global financial crisis has been finding income.
Despite more than ten years of continuous predictions that yields on U.S. Treasuries and other developed country bonds couldn’t possibly go any lower, they have.
Continue Reading »QUALITY INVESTING & SHAREHOLDERS – WHY WARREN BUFFET BELIEVES THEY PRODUCE BETTER INVESTMENT RESULTS
Part 2 of 2
In this era of indexing the investors who research and buy individual companies are becoming a rarity – some would say a throwback – to another era.
The most obvious example is Warren Buffett, the nonagenarian Chairman of Berkshire Hathaway who is widely considered to be one of the greatest, if not the greatest American investor in recent memory.
Buffett is famous for buying quality companies for the long term, in his words “forever”.
He is less well known for his emphasis on seeking “high quality shareholders”, stock owners who stick around for the long-term, whom he has succeeded in attracting to Berkshire Hathaway.
Continue Reading »
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