Inflexibility is killing in the investing business.
I recently checked the performance of some funds that were considered my competitors for some time. All funds that killed in the 2010s.
Almost all these funds have massively underperformed over the past few years (since interest rates started flying).
It’s amazing how many held on to the same type of strategy / kind of stocks.
Of course they're mostly blaming the markets.
#alwaysbeflexible.
Jonathan es el ser terrestre más anciano vivo del planeta.
Nació en 1832 y cuenta con la sorprendente edad de 187 años.
Su edad le ha permitido presenciar eventos importantes como las dos guerras mundiales, la revolución rusa, la sucesión de siete monarcas británicos y el mandato de 39 presidentes de los Estados Unidos.