September 2010

Frank Boland
September 15, 2010

In this edition of Frank Thoughts, Frank reflects back to the mid-1960s and the key lessons on investing he learned from former Fidelity Magellan fund manager Pete Lawson.

ROBERT F. “PETE” LAWSON

           KLM 21 … KLM 1/8 … KLM ¼ … KLM 1/2  kept flashing overhead on the electronic tape.  Seemingly KLM Royal Dutch Airlines...

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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.

– Bernard Baruch