Title: 19 Notable Quotes from the Book “Hedge Fund Market Wizards” – Ivanhoff Capital
Headings: 19 Notable Quotes from the Book “Hedge Fund Market Wizards”
19 Notable Quotes from the Book “Hedge Fund Market Wizards”
Content: 8. When markets are trending up strongly, and there is bad news, the bad news counts for nothing. But if there is a break that reminds people what it is like to lose money in equities, then suddenly the buying is not mindless anymore. People start looking at the fundamentals, and in this case I knew the fundamentals were very ugly indeed. 9. Buying low-beta stocks is a common mistake investors make. Why would you ever want to own boring stocks? If the market goes down 40 percent for macro reasons, they’ll go down 20 percent. Wouldn’t you just rather own cash? And if the market goes up 50 percent, the boring stocks will go up only 10 percent.