Scott Bessent on OPM
- Posted by Ivanhoff
- on May 19th, 2010
I will never forget Robert Wilson’s advice: If you have as much money as I’ve read you do in the paper, you are an asshole if you manage anybody’s money except your own. To go up 100%, you’ve got to be willing to go down 20%, and you can’t go down 20% with other people’s money
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
blog comments powered by Disqus-
My name is Ivan Hoff. I am a stock trader. I manage Stocktwits 50, Stocktwits Email and was featured in The Stocktwits Edge, which I edited. (More) -
Recent Posts
- There Are 3 Stages In a Typical Bull Market
- 12 Insightful Thoughts from “The Most Important Thing” by Howard Marks
- Banks Need Higher Interest Rates to Start Making Money
- Five Indicators to Gauge Risk Appetite
- How Cheap is Apple?
- Embrace the Uncertainty
- 13 Signs of a Bull Market
- The Good News
- A Look Back At the Internet Stocks Mania Through the Eyes of A Value Investor
- The Revenge of Last Year’s Losers, Week Two. Welcome to January
-
Archives
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
- August 2008
- June 2008
-
