Jeff Blazek
speaker
496 appearances
1 recordings
1 series
first heard Feb 2026
last heard 13 Feb
Jeff Blazek’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Feb 2026 with 1.
Appearances
That's an interesting question because there's a lot of discussion about ramp up.
This is a new portfolio that has not benefited at all from the prior strength of the inequities we've seen over the last 10, 20 years.
And so the worst case that this new family with their wealth would think about is that you put it all into equities tomorrow and that's when we get the bear market finally comes.
So I do think a phased implementation is appropriate.
If you're coming from cash and you're going into a risky portfolio,
Balancing the entry is appropriate.
And we do see often a progressive asset allocation target done in advance.
So that's what I'd say is like, let's make clear, get the committee or whoever's in charge to say, look, we think rounding it in over three years is
gradually is appropriate for liquidity purposes, for equity entry purposes, that would be a fair way to do it.
And a lot of our clients too, if they're only now getting involved in a meaningful equity allocation, we do see a gradual ramp up or in privates by necessity because privates take years to build up.
You have to have kind of a interim asset allocation before you get to your permanent asset allocation.
Well, let's look at it another way, which is you could have easily made this decision in April of 2000.
And I worry about the down on the mat for three years.
I mean, that would look like a very dumb portfolio for three years, where it's going to be underwater on equities by 40 or 50% people staring at it.
I mean, look, think about it this way.
If I were involved in the equity market in 95 through 2005...
I had three or four years of just unbelievable equity gains, 30 or 40% per year.
And then I had three years of difficulty and then two years of kind of more sideways markets.
But when I look at that 10 year period,
I would feel more than happy with the way that result went.
Showing 281–300 of 496 · page 15 of 25
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