Larry Kochard

speaker

464 appearances 1 recordings 1 series first heard Feb 2026 last heard 11 Feb

Larry Kochard’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

Recordings per month over the last 12 months — 1 in all, peaking in Feb 2026 with 1.

Appearances

newest first · ▶ plays the moment

How I Invest with David Weisburd · E302: Legendary CIO Larry Kochard On Where Alpha is Today · 11 Feb 2026 podcast

That was not a problem for us.

So again, one of the hallmarks of a very healthy process, in addition to not panicking at market lows, is having this conviction that you should rebalance.

Meaning if your equities have gone down, you want to sell the part of the portfolio that's held up, the fixed income oriented, cash flowing assets, and rebalance into the equities that have traded off the most.

At the very least, you want to not panic and sell at the bottom, but you also want to be able to

Rebalance and also just be front footed.

You want to be able to be opportunistic at those moments.

So although we had a golden opportunity to, in theory, go into some illiquid investments because a lot of the endowments, again, were kind of on the sidelines because they were just too illiquid.

At that point, it was harder for us to go heavily into illiquid investments to capitalize on some of those dislocations.

With that said, we still rebalanced.

We did not panic.

But there was a lot of discussion from a risk management standpoint of what to do in that situation.

Part of good risk management is you go into a downturn.

with a plan.

So you want to have this planned, but you know, it's the notion of, you know, if you, you may have a plan in the boxing ring, but if you get punched in the face, you know, things could go awry.

And so everyone got punched in the face.

That's a great question.

So two comments.

One is in theory, what they don't want, they want to prepare for this going into it.

So endowments should have a very thoughtful annual budgeting process that doesn't kind of constrains them from over committing to privates.

So every year you're committing at a certain pace.

Showing 41–60 of 464 · page 3 of 24