Category: Money tips Release Date: 2007-05-01
Interview you and others, we will pay attention to any other character do?
I am not good at judging character, I am good at judging the stock, but also the views of the history has been very smart, but I have been quite bad in judging character, so a lot of errors committed. I spent five years, through a lot of painful experience, it was found expedient management team (management team), I am pleased to have finally found the team. However, I can not say that I am in the selection of management team, as I actually manage money as successful.
I think I am good at when the senior partner or when the boss, because I deeply sympathize with the difficulties faced by fund managers, they have problems, I can give them a lot of support, I think this will help in our company to create a good the atmosphere, but I'm not so good at their selection.
Your ability, how many from the options market, and not from the choice of investment categories?
Look at the case may be, there are a lot of time, I focus on individual stocks, but there are a lot of times I choose to market or market segment. As I said earlier, I do not play the game according to specific rules, I am looking for rules of the game changes.
If you are looking for changes in rules of the game in your career which, there must be a period of time is important, if you continue to work under pressure in the massive, you will not recognize the period. One difference between you and me is that you seem to see those special days.
I just started doing this line, I was in London Stock Exchange, trading across the work, my boss bojesi (Pougatsch) Colonel is extremely cautious man who every morning came, put the pencil to use cut very sharp. He told me that if there is no business to do, then the pencil tip you leave, you should keep takes a sharp as when you came in, I have never forgotten his advice. Living with ordinary point, the management of the portfolio is not shown as it literally is a different work is risky, your workload and your accomplishments is inversely proportional to. In other words, if you do normal work, if you are a sales representative or artisans, your achievements and your workload is directly related to the more hard you work, the product more, visiting more customers, it could get The more orders, which have a direct relationship. However, when you take risks, if you make the right judgments, if you have the right insight, then you do not need to work hard. But if you make mistakes, and your assumptions and the actual course of events there are differences, you need to do a very careful study to identify the wrong place, the more successful you are, the more we must work to rectify this situation, if the investment portfolio the performance of good things you have to do less, of which there is a inverse relationship.
But really the case? You are not to open their own joke, right? Sometimes. Everything is well underway, is to start spiraling down, do not you have not at some point, in all was going smoothly, do a lot of the expected work on exactly the wrong time to meet all do?
Of course, the situation rightly so. However, I do not like work, I only needed to reach a decision on the absolute minimum amount of work. Many people love the work, they collect too much information, far more than the amount needed to reach a conclusion, but also become addicted to certain investment projects, because they have intimate knowledge of these things. I am different, I focus on fundamentals. Have to work, I will be crazy to work because I have to work very air itself, this is my way to where the basic elements, if I knew where wrong, I will try to prevent. But things are not supposed to work, and we face it, the performance of individual investment managers are also rise and fall relative to the case asked that they first sound judgment, of exceptional merit, and then became high gas Aung Toe, we end up carried away by the situation . I am no exception, things are often like this, everything was going smoothly, I will let down, and then begin an error, the situation can change very quickly, I did not control the situation, the situation is holding me go, this is what we will never be should be wary of the reasons for the loss. Experience tells me that I usually can control 20% of the damage limit. If I recall his performance, there have been many times, I have a specific change in one year, the Ministry of the top in the end losses of up to 20%, then I correct errors, in the end of the year showed good results.
