Biography
Gary Mishuris, CFA, is managing partner and CIO of Silver Ring Value Partners, an investment firm with a concentrated long-term intrinsic value strategy. Prior to founding the firm in 2016, Mishuris was a managing director at Manulife Asset Management. From 2004 through 2010, he was a vice president at Evergreen Investments. Mishuris began his career at Fidelity as an equity research associate. Mishuris received an S.B. in computer science and an S.B. in economics from the Massachusetts Institute of Technology (MIT).
Diversification is sometimes described as “the only free lunch” in investing. But is it?
The right question isn't whether volatility equals risk, says Gary Mishuris, CFA. Rather, the right question to ask is: When does volatility equal risk?