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Talk Your Book: How to Eliminate Negative Alpha

Animal Spirits Podcast

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Navigating Investment Drawdowns

This chapter explores the natural volatility of high-performing stocks and the critical role of accepting drawdowns in long-term investment strategies. It highlights the importance of trend-following approaches, cash management, and the performance disparities between different market capitalizations. Additionally, the discussion emphasizes the need for a diversified investment universe and realistic expectations, particularly in challenging market environments.

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