I read a lot of stuff about traders and fund managers, there is nothing I love more than someone going through the same stresses as myself explaining how they find their way, because investment needs process and many of them have worked out something that works. Fund managers have to have process, it’s what makes them different, its why they exist, because investment doesn’t suit the seat of your pants. So let me distill some of the common wisdoms distilled from a number of fund managers below.
Valuation - You have to have some concept of value. You may want a Ford Falcon XR8, it’s a good looking car, but you need to know it costs $51,990 before you pay $60,000. And when it comes to valuing stocks these days you don’t...Continue Reading