Rather than killing an underperforming investment and forgetting about it, the hunters stalked their prey – watching it get steadily weaker and lassoing another limb every time it stumbled. Then they sat back with their prize and waited for it to recover, eventually selling it on for a handsome profit. In gambling, such behavior – effectively doubling down – is known as the Martingale approach. It is frowned upon and rightly so: it often leads to ruin. But in well-chosen investments, this is a strategy that wins over time – you acquire more and more assets at cheaper and cheaper…
The Art Of Execution – The Hunters: Pursuing Losing Shares
Guest Post
If you are interested in contributing to ValueWalk on a regular or one time basis read this post http://www.valuewalk.com/guest-posts-hedge-fund-letters/ We do not accept any outside posts or even ads on penny stocks, ICOs, cryptos, forex, binary options and related products.