We ask a lot of questions about what can go wrong, at both a portfolio and individual-stock level. That’s consistent with our philosophy that if we’re able to limit losses, the gains will take care of themselves. This is hard for young analysts out of school to understand – they’re trained to look almost exclusively at upside potential.
- Charles de Vaulx
www.ivafunds.com
www.valueinvestorinsight.com
Spot on.
No comments:
Post a Comment