top of page

Investing Fundamentals

Updated: Oct 16, 2018



Risk management is the only thing that matters. Focusing on returns is self-defeating. Returns take care of themselves by holding positive drifting assets. The picture is an example of how indexes can beat themselves. S&P500 out-performance to our fund was erased in just 2 days. Novice investors thought the out-performance meant buying the S&P500 was a better strategy. Consider that it took only 2 trading days to wipe it out, do you think the out-performance was a signal or noise? The most challenging part about investing is distinguishing the signal through the noise... If your signal evaporates so quickly, reconsidering your logic is highly recommended..

コメント


bottom of page