What is an investment philosophy? An investment philosophy is a coherent way of thinking about markets, how they work (and sometimes do not) and the types of mistakes that you ...
Filetype Power Point PPT | Posted on 09 Aug 2022 | 2 years ago
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...What is an investment philosophy a coherent way of thinking about markets how they work and sometimes do not the types mistakes that you believe consistently underlie investor behavior strategy much narrower it putting into practice for lack better term set core beliefs can go back to in order generate new strategies when old ones aswath damodaran ingredients step all philosophies begin with view human beings learn or fail underlying every therefore frailty too slowly fast tend crowd etc from behave perhaps where your views on market efficiency inefficiency are foundations this tactical take investors try devise reflect example belief over react news stocks have had bad announcements will be under priced relative good buy sell short after earnings big stock price declines increases why need if find yourself doing following lacking rudder easy prey charlatans pretenders each one claiming found magic beats switching change portfolio resulting high transactions costs paying more taxes usi...