Quarterly Market Letter
The Market Letter, updated on a quarterly basis, is written by Daniel Genter and Genter Capital Management’s senior investment professionals of the Investment Policy Committee. It provides both a summary of the market’s previous quarter and our investment outlook for the remainder of the year.
Fourth Quarter 2022
An investment portfolio is several things. It is a “bet” on the shape of the future. It is a way to prepare for the uncertainties associated with that future. It is a risk management tool. But most essentially, perhaps, an investment portfolio is a store of value. This “store” ultimately serves as a repository for “future consumption.” When our store of value increases, the future looks brighter, but when it decreases, the future seems more bleak…