Reasons to Pass: A Guide to Making Fewer and Better Investments by Ralph Birchmeier
English | March 7th, 2023 | ISBN: 0231207085 | 320 pages | True EPUB | 0.95 MB
Confidence and conviction are the keys to success in asset management. Analysts projecting these traits become more likely candidates for promotion; clients gravitate to portfolio managers who radiate assurance about future performance. However, these qualities do a disservice to optimal decision making and long-term investment performance. The future is too complex to justify such levels of confidence.