John is president of Prism Capital. He has over 20 years of investment experience, an MBA from Carnegie-Mellon, and is a CFA Charterholder. He uses a fundamental approach, focusing on long-term capital appreciation and risk management. The portfolio is globally diversified, spanning many asset classes.  Prism Capital is an indepent investment advisor located in Columbia, MO. The firm provides... [more +]

John is president of Prism Capital. He has over 20 years of investment experience, an MBA from Carnegie-Mellon, and is a CFA Charterholder. He uses a fundamental approach, focusing on long-term capital appreciation and risk management. The portfolio is globally diversified, spanning many asset classes.  Prism Capital is an indepent investment advisor located in Columbia, MO. The firm provides investment management and advisory services to institutional clients and individual investors.
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He takes a fundamental approach to investment management, focusing on long-term capital appreciation and the prudent management of risk. Recognizing the dominant role asset allocation plays in investment performance, he employs a broad, global diversification strategy spanning multiple asset classes. Volatility can have a devastating effect on investment returns. Through diversification and a focus... [more +]

He takes a fundamental approach to investment management, focusing on long-term capital appreciation and the prudent management of risk. Recognizing the dominant role asset allocation plays in investment performance, he employs a broad, global diversification strategy spanning multiple asset classes. Volatility can have a devastating effect on investment returns. Through diversification and a focus on fundamental valuation, his approach is designed to minimize this volatility and enhance long-term performance. [less -]

He uses primary data from multiple sources in developing his capital markets outlook. This outlook is developed through fundamental analysis used to value the various asset classes, and provide fair value return estimates over a long term (10-15 year) horizon. These return estimates form the basis for determining the asset allocation. In evaluating the investment vehicles used to implement the... [more +]

He uses primary data from multiple sources in developing his capital markets outlook. This outlook is developed through fundamental analysis used to value the various asset classes, and provide fair value return estimates over a long term (10-15 year) horizon. These return estimates form the basis for determining the asset allocation. In evaluating the investment vehicles used to implement the asset allocation strategy, he uses information providers including Morningstar and S&P. He also examines information from SEC filings as well as data obtained directly from the fund companies. [less -]

In managing the asset allocation strategy, he looks at all investable asset classes. While he will typically maintain some exposure to most asset classes, the relative allocation to any particular asset class at a given time depends heavily on fundamental valuation. The capital markets and asset allocation studies are performed annually, with interim adjustments made as market movements or changing... [more +]

In managing the asset allocation strategy, he looks at all investable asset classes. While he will typically maintain some exposure to most asset classes, the relative allocation to any particular asset class at a given time depends heavily on fundamental valuation. The capital markets and asset allocation studies are performed annually, with interim adjustments made as market movements or changing fundamentals dictate. Likewise, the portfolio may be rebalanced quarterly, with more frequent rebalancing occurring as necessary. However, he is very mindful of costs, and employs minimum threshold levels when evaluating potential portfolio adjustments to avoid unnecessary trading. [less -]

Individual investments or asset classes are scrutinized for the expected risk and return contribution the holding makes to the portfolio as a whole. Within the asset allocation, he reduces exposure to an asset class as the valuation of that class become unattractive in a portfolio context. In cases of extreme overvaluation he may eliminate exposure to an asset class altogether.

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