At the Alt View, we think Investing is not working as it should for most. Our goal is to help investors make better decisions.
Investment Portfolios are needlessly:
1. Complicated
2. Expensive
3. Inflexible
Here are just a few reasons why:
1. Conflicted Agents. Investment consultants and investment managers have a huge financial incentive to promote expensive, complicated, inflexible solutions, all the while avoiding accountability for basic investments decisions.
For example, they don’t ask “Should I invest in Private Equity?”; instead, they jump ahead to the question of which fund to pick.
2. Fiduciaries/asset owners are too deferential and trusting of investment managers and consultants. They let it happen.
3. Trustees serving on investment committees often have blind spots: they are often investment professionals themselves. This can seem like an advantage; often it is not. Trustees' role in the financial ecosystem it makes it harder for them to ask the right questions; meanwhile thier peer trustees defer to them: they are the experts after all!
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Decisions to invest in complex, inflexible and high cost investment portfolios (typically using Alternative Investments—aka anything not a stock or a bond) should be supported by logic and evidence.
Decision making accountability, especially in relation to investment return expectations- needs to be clearer.
We aim to do more than say that things have gone wrong; we plan on showing examples of how it happens. We hope to engage constructively with others that disagree, and expect to learn more in the process.
More resources will be posted soon!
In the meantime, see Substack for our articles:
The Alt View’s sometime first person plural voice is just a put-on; for now, its just me 😊
Years of working in investment management means that I’ve accumulated certain things that I felt I needed to say, and lacked a proper forum to say them.
The Alt View is a chance to address that. I hope I /we 😊 are able to change at least some investors’ investing approach for the better.
Tim McGlinn, CFA, CAIA
Disclaimer: The information provided on this website is intended for general educational purposes only and is not intended to be financial advice. Users should consult with a qualified financial advisor before making any investment decisions. The Alt View is not responsible for any losses or damages resulting from the use of this information.
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