The Madame Bovary Effect

11+ Bitcoin price last 12 months She wanted to die, but she also wanted to live in Paris.
You have reached the maximum number of free, long-form articles for the month.

Please join here to read the rest of this content.

Paid Members can log in here.

4
Leave a Reply

Please Login as a Paid Member as a Paid Member to comment
  Subscribe  
newest oldest
Notify of
Rob H.
Member
Rob H.

The problem, of course, when you are managing money for others is the “Why should I be paying you x% per annum to sit in cash?” question you will inevitably get from your clients. Even if you as a money manager can tolerate the boredom, most likely your clients can’t and they will shift their assets to another manager who is excited about some (any) investment opportunity.

8+
Mark Clark
Member
Mark Clark

Patience is the word we’re looking for and it is indeed a virtue. When I look back at my investing career, everything you write in this essay rings absolutely true. The best results I ever had were back in the late 80’s when I was trading futures.
I was farming full time and only had a few hours a week to devote to the markets. I would take a position and hold it for months. No access to instant real time quotes then, so no temptation to trade every little gyration in price. I sold the farm years ago and have plenty of time for the markets and real time prices in front of me all day and night. But all I have to show is mediocrity at best. There is just a huge temptation to have to do something, even if it is the wrong thing. Thanks Ben, for pointing out a problem that nobody ever discusses.

1+
mmalon05
Member
mmalon05

Reading the above, all I could think about was Mike McDermott and Joey Knish. https://www.youtube.com/watch?v=WtYbZbdIIcI

0
mmalon05
Member
mmalon05

…and I just now realize that the previous article quoted was called “Rounders”.

0

The Latest From Epsilon Theory

DISCLOSURES

This commentary is being provided to you as general information only and should not be taken as investment advice. The opinions expressed in these materials represent the personal views of the author(s). It is not investment research or a research recommendation, as it does not constitute substantive research or analysis. Any action that you take as a result of information contained in this document is ultimately your responsibility. Epsilon Theory will not accept liability for any loss or damage, including without limitation to any loss of profit, which may arise directly or indirectly from use of or reliance on such information. Consult your investment advisor before making any investment decisions. It must be noted, that no one can accurately predict the future of the market with certainty or guarantee future investment performance. Past performance is not a guarantee of future results.

Statements in this communication are forward-looking statements. The forward-looking statements and other views expressed herein are as of the date of this publication. Actual future results or occurrences may differ significantly from those anticipated in any forward-looking statements, and there is no guarantee that any predictions will come to pass. The views expressed herein are subject to change at any time, due to numerous market and other factors. Epsilon Theory disclaims any obligation to update publicly or revise any forward-looking statements or views expressed herein. This information is neither an offer to sell nor a solicitation of any offer to buy any securities. This commentary has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. Epsilon Theory recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial advisor. The appropriateness of a particular investment or strategy will depend on an investor’s individual circumstances and objectives.