观点投资

The best hedge fund managers know when to admit defeat
优秀投资者懂得认输


戴维斯:伦敦金融城有句老话:“长期投资”是出了错的短期投资。在导致投资者草率冒险的所有因素中,最常见、最严重的是死不认输,拒绝止损。

The past six months have been a hard time for some high-profile hedge funds. Crispin Odey’s Swan Fund and Bill Ackman’s Pershing Square have made losses of sufficient magnitude to wipe out years of accrued profits. Other star funds, from Blackstone’s Senfina to Paulson & Co, have also seen the second quarter of this year turn into a bloodbath.

一些知名对冲基金在过去6个月处境艰难。克