Nothing lasts like longevity.
Bloomberg News reports that consider investment returns, the financial adviser at Stralem & Co. said in an interview at her New York apartment, where, surrounded by paintings from Dutch masters, she telephones her clients.
While many investors nowadays obsess over quick profits, it’s best to wait at least three years, or better yet, many more, before evaluating holdings. But don’t be afraid of revising your thesis, she said. If thorough research favours a portfolio shift, have courage and make changes.
As one of the oldest working professionals in an industry run by men half her age, Bergman offers a rare perspective. She recalls the small private firms founded by German Jews of the 19th century that came to define Wall Street before their partnership model gave way to public listings, and honour succumbed to an ever-fiercer push for profit.
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