Balancing Risks Without Bonds with Tim Price of Price Value Partners

In the Company of Mavericks

In today’s episode, I am joined by Tim Price of Price Value Partners, a private wealth manager in London since the late 1990s.

Originally an English literature graduate, Tim started work as a bond salesman for a Japanese bank.

However, he switched to private client wealth management, where he was to develop his well-reasoned but highly differentiated approach to managing money.

Tim has developed this approach based on extensive reading in economics, history, finance, and investing.

In this episode, he shares the main influences, which range from the Swiss Italian Renaissance mathematician Daniel Bernoulli to the Austrian economist Ludwig von Mises and the Roman Emperor Diocletian.

His strategy has three main themes focusing on …. value equities, systematic trend following and real assets.

He has no time for the traditional 60/40 equity/bond portfolio.

Due to the unsustainable level of sovereign debt and the sluggish outlook for economic growth, he describes bond investors as dancing around a live volcano.

I have been reading Tim’s newsletters for a while and highly recommend subscribing.

Made possible by Progressive Equity Research.