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.
May 24, 2013
An attractive woman in her early 40s walked right up to us and gushed to my companion, “Aren’t you …?” It wasn’t the first time I saw that happen. But usually it’s an older male in the financial business. Such is the power of being a “Rock Star“ portfolio manager. You become a celebrity. To qualify as a Rock Star, I submit, you have to have...