The Joe Walker Podcast The World According To A Maverick, Beach-Biding Stock Picker - John Hempton
44 snips
Jul 8, 2019 AI Snips
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Mark Cohodes: Stock Picking Genius, Portfolio Management...
- John Hempton views Mark Cohodes as a brilliant stock picker but a poor portfolio manager.
- Cohodes' all-in approach, exemplified by his Stamps.com short, leads to suboptimal returns despite accurate predictions.
Portfolio Management for Retail Investors
- Focus on portfolio management and position sizing for long-term success.
- Retail investors often prioritize stock selection but neglect these crucial aspects.
Tax Avoidance as Accounting Training
- Examining tax avoidance schemes revealed how companies can manipulate reported income.
- This understanding proved invaluable for Hempton's later short-selling career.