Legendary Wall Streeter Charles De Vaulx Dies Of Apparent Suicide

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This is a tough game. Even the pros get slayed. This fund manager took his own life earlier this week. From $20B down to $1B. He was a hardcore value investor in a world that currently favors growth stocks (and rotating back into value).

Here’s a piece on his fund from MS.

www.morningstar.com/…/behind-the-rise-and-fall…

What I took away from this:

  1. you don’t need to be a professional wall street guy to be a good investor
  2. don’t over subscribe to any investing ideology (eg. growth, value, small cap, etc.). be able to be pivot and be flexible to adapt.

 

 

h/t  lamntien

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