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.
What I took away from this:
- you don’t need to be a professional wall street guy to be a good investor
- don’t over subscribe to any investing ideology (eg. growth, value, small cap, etc.). be able to be pivot and be flexible to adapt.