- Joined
- Jul 18, 2010
- Messages
- 7,968
And moves mostly to index funds
http://www.kiplinger.com/article/investing/T052-C018-S002-why-this-hedge-fund-manager-is-shutting-down.html
An excerpt:
Lessons learned. So what did I learn from my plight? First, that I took a big risk when I created a portfolio that was wildly different from Standard & Poor’s 500-stock index. That was especially problematic in 2014, when hardly anyone beat the index. Magnifying the problem was my decision to put too much money into my favorite ideas. I totally bought into the notion that it was foolish to invest in my 60th-best idea. What I overlooked was how bad things could get if I was wrong about my second-best, third-best and fifth-best ideas at the same time.
Sent from my iPhone using Early Retirement Forum
http://www.kiplinger.com/article/investing/T052-C018-S002-why-this-hedge-fund-manager-is-shutting-down.html
An excerpt:
Lessons learned. So what did I learn from my plight? First, that I took a big risk when I created a portfolio that was wildly different from Standard & Poor’s 500-stock index. That was especially problematic in 2014, when hardly anyone beat the index. Magnifying the problem was my decision to put too much money into my favorite ideas. I totally bought into the notion that it was foolish to invest in my 60th-best idea. What I overlooked was how bad things could get if I was wrong about my second-best, third-best and fifth-best ideas at the same time.
Sent from my iPhone using Early Retirement Forum
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