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+--- Thread: Quote for the Day - Bessembinder (/showthread.php?tid=2107)
Quote for the Day - Bessembinder - Scooterd - 12-21-2021
.......The most successful company investments in terms of wealth created for shareholders at the decade horizon also involved very substantial peak-to-trough drawdowns. Even those investments that are the most successful at long horizons typically involve painful losses over shorter horizons". - Hendrik Bessembinder (2020).......
"Use an appropriate "margin of safety" to manage risk. This way, you will not lose too much when you are wrong, and you will make much more when you are right. This way you can let your portfolio generate higher than market returns with less risk, in a sustainable and stable way"- Li Lu
- Scoot