theasiareport Posted October 7, 2015 Share Posted October 7, 2015 Read an article from Kiplinger which was surprisingly frank from a hedge fund manager who is winding down his operations after 15 years. Managing OPMI is a completely different ball game. http://www.kiplinger.com/article/investing/T052-C018-S002-why-this-hedge-fund-manager-is-shutting-down.html Here's the bit which I liked: 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. Link to comment Share on other sites More sharing options...
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