FYI:
Regards,
Ted
August 4, 2016
Dear WEALTHTRACK Subscriber,
Charles Darwin, the English naturalist and father of the scientific theory of “evolution by natural selection” once described himself as having no special talents other than: “for business, as evinced by keeping accounts, being regular in correspondence, and investing money very well.” Evidently he was a successful investor in a diverse portfolio of bonds, stocks and property.
Why am I mentioning Charles Darwin? Well, one of the oft-cited quotes attributed to Darwin certainly applies to investing… “It is not the strongest of the species that survives, nor the most intelligent, but the one most responsive to change.”
Understanding the constantly changing markets and the best way to respond to them is the quest of this week’s WEALTHTRACK guest.
We’ll be joined by Stephen Cucchiaro, President and Chief Investment Officer of 3EDGE Asset Management which he launched in January. The firm runs two proprietary strategies for high-net worth and institutional clients, 3EDGE Total Return and 3EDGE Conservative.
Cucchiaro has been using a similar, but constantly evolving approach to managing portfolios since founding his prior firm, Windward Investment Management in 1994, which he sold to Charles Schwab in 2010 and left in 2014.
The MIT Mathematics and Wharton MBA Finance major, who was also an Olympic sailing team member in the 1970s, has developed a proprietary multi-discipline approach applying concepts from engineering, complex systems research, multi-player game theory as well as market fundamentals and investor behavior. Starting in the 1990’s Cucchiaro and his team also became early users of ETFs, instead of individual securities for their asset allocation strategies.
I began our discussion with the relatively new science of studying complex systems, which are multi-variable, constantly moving and interacting with each other, endlessly dynamic, like the weather…and yes, as he learned, like the markets!
In addition, as we count down to the presidential election we are asking each of our guests for their views on the election and its impact on their investment strategy. You’ll find this EXTRA interview with Cucchiaro available exclusively on our website. And a reminder, WEALTHTRACK is available on a YouTube Channel. So if you are unable to join us for the show on television, you can watch it on WealthTrack.com, or by subscribing to our YouTube Channel.
Have a great summer weekend! Make the week ahead a profitable and productive one.
Best regards,
Consuelo
