Mike Dever has a 40-year track record of outperforming various markets by rejecting conventional wisdom. He told us 4 ways investors can mimic his approach today.
He's spent years telling investors that they're losing money by falling for financial market myths.Over the course of four decades in investing, Michael Dever has learned that the bedrock of most people's beliefs about the stock market are faulty.
Dever founded Brandywine Asset Management in 1982, and today it manages $100 million in a series of target date retirement funds, as well as stock and bond funds. In the past it has managed money for high net worth individuals and for businesses alike. And even though stocks and bonds are considered different asset classes that should perform well under different conditions, Dever argues that that's an oversimplification. What investors need to do, he says, is focus on the conditions and factors that drive returns, and make sure they're exposed to a variety of them — meaning don't get too overexposed to the US economy and interest rates, as many investors were in 2022.
Dever also urges investors to consider a wide variety of investable assets, and to build a portfolio that includes several types of stocks, commodities, currencies, and real estate.
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