In the 13 years he ran a $3.5 billion long/short fund, KCM Consulting founder Michael Karsch beat the S&P 500 by 100 percent.
Throughout his career, Karsch also worked with the likes of hedge-fund titan Stanley Druckenmiller of Duquesne Capital and billionaire investor and philanthropist George Soros. Now, however, Karsch has made the unlikeliest of moves for a fund manager: food franchise owner and investor.
The financial guru is an investor in Juice Press, as well as owner of all the rights to Dunkin' Donuts franchises in Austin, Texas.
"You kind of hedge your bets, I guess, in the sense that Dunkin' and Juice Press are quite different," he said. "And it is actually quite funny … when the companies do well they actually are quite complementary. But it was not a purposeful strategy."
Karsch said his move into Dunkin' Donuts was a result of "thinking laterally." He still dabbles in markets, however, and credits his exposure to Druckenmiller and Soros for his expertise.
Asked what he had gleaned from them, he replied, "Well, the most important thing I took from both Stan and George would be to look at the bigger picture, to combine both the valuation parameters, but more importantly to step back and see the broader theme."
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On CNBC's "Halftime Report," Karsch said the big picture for stocks, even after two major indexes hit new all-time intraday highs, was bright.