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The Best Investment You Can Make Is an Investment in Yourself

Stansberry Investor Hour

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Managing a Fund Is a Very Different Thing Than Managing Your Personal Portfolio

managing a fund is very, very different from managing your personal portfolio. You can practise these mean reversion trades and have high turnover in your personal demand account or your personal brokerage account. But when youare managing a public fund, i am telling you from experience, clients do not like managers who turn over their portfolio all too frequently. That practice actually forces you to focus on long tum durability and long tum economics of a business. It actually makes you a much better long time investor when you're actually managing a fund.

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