Your Guide to Constructing a Diversified Stock Portfolio in Today's Inflationary Environment with Adam Parker

Nov 23, 2022

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Adam Parker is the Founder of Trivariate Research, an independent boutique firm that focuses on selling research, data, and services to asset managers, RIAs, and corporations.

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Key Highlights:

[00:01 - 05:37] How Wall Street has Changed

How the market on the street has changed in terms of human capital and skill sets
Encouraging aspiring street traders to get a degree in statistics or computer science
Why risk management has become a much more complex issue

[05:38 - 14:56] Small Businesses Can Benefit from Hiring a Boutique Firm

Boutique firm offers lower fees for experienced professionals to do the work, as opposed to a big five firm which would pay higher fees and get somebody junior on the account
How risk is misunderstood by many people, and volatility versus permanent loss of capital or value destruction are some of the key points that the author discusses
A fact pattern that is often seen is when a separately managed account or family an RA comes with a portfolio construction allocation

[14:57 - 45:27] The Market Price Inflation

The risks for the market and earnings due to the Fed's current stance on inflation and interest rates
How wage inflation is softening, but it will take a while for it to peak
Adam worries about the same things as other people, and tries to stay grounded by working out and reading

[45:28 - 46:03] Closing Segment

Key Quotes:

“What I've learned is every big firm has hockeys ranks full of people who memorize what everyone the Fed is doing, and they're not right or they're not wrong.” - Adam Parker

“I'm willing to believe that there's certain things, particularly the key part which I think most institutional investors have cared about for years, is governance, right? You don't want a bad governance. You want a good Ford. You want them to help people accountable. You want them to be stewards of capital.

You want them to get a higher multiple. That governance, of course, that makes sense.“ - Adam Parker

Connect with Adam:

Linkedin: https://www.linkedin.com/in/adam-parker-759542179

Website: www.trivariateresearch.com

Connect with me on LinkedIn!

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