Learn how to take losses quickly and cleanly. Don’t expect to be right all the time. If you have made a mistake, cut your losses as quickly as possible.
April 26, 2017
This classic sentence by Charles Dickens could easily be applicable to the past eight years in the investment business. As the market has continued to rise – now the second longest bull market ever - it has created the worst of times for investment managers. During the past six years no active manager has been able to outperform the S&P...