361- Investing in Uncertain Environments
InvestED: The Rule #1 Investing Podcast
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Investing
If you are an institutional fund manager and you want to keep your job, you have to keep up with the indexes. Fidelity Magellan's average long term hold is three months. So if you're in an environment where you have to change your portfolio every 90 days, there's no way that you can take advantage of of fear that happens. You're your part of what's going down like a brick. And you don't have the capital to invest if you're not out of the market. That's why it works for us.
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