When looking at the more old school, conventional wealth management space which has rapidly evolved over time yet is still suffering from growing pains from both an operational and technology perspective, with a multitude of challenges when billions if not trillions of dollars are at stake. And this post touches a little more on that.
Correlating the return on investment for investment strategies to food and the art of creating epic dishes that generate Michelin stars while also being priced right to not only give room to source the best ingredients but also pay for the best talent, the cost of leasing a prime location and so much more, and ultimately becoming profitable in the end, is a big hurdle which all businesses run into.
The same applies to running a top hedge fund, family office, Fortune 500 company or any other notable entity making moves to outperform the competition. There’s an element of spend yet also an expectation of return on such which needs to be classified into various buckets.
Below are a few things companies should seek when trying to find a wealth management consultant:
Seeing What’s on the Horizon
A majority of companies seem to be aware of what’s happening on a daily basis though one of the main reasons to bring in an outside consultant is for the additional perspective and actionable insights to minimize the disruptive effects of cognitive biases/blind spots that many companies face to help navigate what’s on the horizon and what’s around the next turn which often leads to more favorable outcomes over the long term, optimizing performance and maximizing risk-adjusted returns.
Identifying Opportunities in the Darkness
There’s an interesting dynamic where people working internally for companies often create tunnel vision which can be both good and bad, though when trying to think outside of the box that dedication can sometimes lead to challenges. And if you’re operating with blinders can you really have your finger on the pulse of what’s around the next turn?
Executing on Investments That Produce Big Returns
Clearly this makes sense to every savvy investor, however making the right decision at the right time is all that matters, and instead of focusing on the shiny object why not go on the opposite end of the spectrum to specifically look at risk in a way that wins by not losing. And that’s how The Practical Contrarian wins by applying a thoughtful, thorough and disciplined approach to help navigate the wide range of potential market outcomes.
Interested in linking up and exploring customized investment strategies that capture first principles of market function? Let’s connect.