Rick Kes
đ€ PersonAppearances Over Time
Podcast Appearances
Ja, ich meine, Scott, ich denke, ich nehme es zurĂŒck zu den Grundlagen und kontrolliere das Kontrollable. Und ich denke, unsere Theorie seit langem ist, dass du dein Bestes tust, um super effizient zu werden. Bringe dein GeschĂ€ft zu einem A-QualitĂ€t-Asset und lass den GerĂ€usch den GerĂ€usch sein.
Aber wenn du der beste Asset in der Klasse bist, dann ist ein bisschen dieser GerĂ€usch nicht so wichtig fĂŒr dich, wie es fĂŒr die Fringe-Spieler in deiner Asset-Klasse wichtig ist. Ich wĂŒnsche meinen Klienten, sich zu bewegen, die Technologie zu nutzen, um effizienter zu werden.
Aber wenn du der beste Asset in der Klasse bist, dann ist ein bisschen dieser GerĂ€usch nicht so wichtig fĂŒr dich, wie es fĂŒr die Fringe-Spieler in deiner Asset-Klasse wichtig ist. Ich wĂŒnsche meinen Klienten, sich zu bewegen, die Technologie zu nutzen, um effizienter zu werden.
Sie sollten schauen, wie Sie Ihre Kostenstruktur in Ihren vier WĂ€ldern aufrechterhalten und der beste Asset-Performer in Ihrer Klasse werden. Und einige dieser GerĂ€usche werden nicht so viel fĂŒr Sie als fĂŒr andere bedeuten.
Sie sollten schauen, wie Sie Ihre Kostenstruktur in Ihren vier WĂ€ldern aufrechterhalten und der beste Asset-Performer in Ihrer Klasse werden. Und einige dieser GerĂ€usche werden nicht so viel fĂŒr Sie als fĂŒr andere bedeuten.
Thank you, Scott.
Thank you, Scott.
Yeah, Scott, I think in some sense, the overall market conditions that we're seeing, I would think, people are getting a little bit more, I guess, understanding of the interest rate environment and understanding of the fact that there's a lot of things that may or may not be you know, beneficial to the lowering of the interest rates.
Yeah, Scott, I think in some sense, the overall market conditions that we're seeing, I would think, people are getting a little bit more, I guess, understanding of the interest rate environment and understanding of the fact that there's a lot of things that may or may not be you know, beneficial to the lowering of the interest rates.
So I think some people are almost putting that aside and saying, okay, well, you know, we can't do much about this, right? And so we need to do something. And, you know, perhaps to your point, you know, it's selling within the same fund family. That could be one idea.
So I think some people are almost putting that aside and saying, okay, well, you know, we can't do much about this, right? And so we need to do something. And, you know, perhaps to your point, you know, it's selling within the same fund family. That could be one idea.
And to your point, the other idea is just moving on and figuring out what exits can happen and what activity could happen, even absent the interest rate environment. Because obviously, there's some noise. suggesting inflation still maybe not yet to where the Fed would like it to be.
And to your point, the other idea is just moving on and figuring out what exits can happen and what activity could happen, even absent the interest rate environment. Because obviously, there's some noise. suggesting inflation still maybe not yet to where the Fed would like it to be.
I think some data came out late last week that showed personal consumption around 2.5%, which I think the target's around 2%. So that could be a little bit of a headwind against lowering interest rates. And then, of course, you know, I think there was some data from a manufacturing perspective around manufacturing purchasing up about, you know,
I think some data came out late last week that showed personal consumption around 2.5%, which I think the target's around 2%. So that could be a little bit of a headwind against lowering interest rates. And then, of course, you know, I think there was some data from a manufacturing perspective around manufacturing purchasing up about, you know,
14, 15% because of tariff and tariff-related price adjustments. And so I think because of those two things, we may not see the interest rate environment be as favorable as we would have hoped absent those two data points and other data points, obviously, to that impact. So I think because of that, you know, funds are just obviously reacting and saying, we got to do something.
14, 15% because of tariff and tariff-related price adjustments. And so I think because of those two things, we may not see the interest rate environment be as favorable as we would have hoped absent those two data points and other data points, obviously, to that impact. So I think because of that, you know, funds are just obviously reacting and saying, we got to do something.
Let's move forward and move on and, you know, make something work.
Let's move forward and move on and, you know, make something work.
Yeah, I think to your point, Scott, it just goes to show that you pull one lever, one thing happens that you might see immediately, but other impacts happen kind of ancillary to that lever. And so I think nothing happens in a vacuum in reality in the global economy that we live in.