My $125 Million Dollar Mistakemarcuss
The portfolio held 70 stock positions… and I had no clue about most of them. I had inherited US$125 million in dozens of shares from a previous portfolio manager, and I hadn’t yet gotten up to speed on them
I knew that I wasn’t “holding” these positions. Being handed over the reins I was effectively “buying” them… every moment that they were in the portfolio, I was “buying” them.
Check out our H2 hedge fund letters here.
It was one of the most . . .
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