3min chapter

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Alfonso Peccatiello: Three Principles To Successful Investing

Market Depth

CHAPTER

Getting Exposed to Different Macro Risk Factors

The best way to get diversification in your book is to get exposure to different macro risk factors. Having 10 positions in your book doesn't guarantee that because they might all be different expressions of the same macro theme. The third, a very strong principle is do not proxy trade. And I think this meme here explains a long way what I mean.

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