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Most portfolios don’t fail because the thesis was wrong.
They fail because the investor couldn’t hold it long enough for the thesis to matter.
Time horizon is the most underestimated edge in markets.
Mar 5
at
1:15 PM
Most portfolios don’t fail because the thesis was wrong.
They fail because the investor couldn’t hold it long enough for the thesis to matter.
Time horizon is the most underestimated edge in markets.