What I learned from my three biggest mistakes as an investment manager

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 92%

United States News News

United States United States Latest News,United States United States Headlines

Over my career I’ve learned to not rely on self-described experts, that properly managed credit risk is beneficial and to not worry so much about shorter-term performance numbers

Tom Czitron is a former portfolio manager with more than four decades of investment experience, particularly in fixed income and asset mix strategy. He is a former lead manager of Royal Bank’s main bond fund.

I eventually learned that the current guru usually just benefited from survivor bias and good fortune. Even in a purely random game, some players will do exceedingly well for a period. Mean reversion inevitably sets in. Fortunately, I had older and much wiser bosses who prevented me from losing untold amounts of client money and destroying my career.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

✅Invest To Get A Good Result 💰 ✅Instant Payment And Withdrawal 💯 ✅Trading session 24/7 ✅Profit return Guarantee 💯 ✅Minimum investment $30

United States United States Latest News, United States United States Headlines