Things could get ugly once the boom is over. It’s better to strike a balance between pursuing attractive short-term bets and maintaining a sharp focus on long-term investment principles
A few days back, I had an interesting conversation with a senior mutual fund executive who has held a wide variety of investment management positions in the industry for more than two decades.
As is inevitable nowadays, the discussion on equity investing turned inevitably towards small-caps. Like most sensible observers, my friend agrees that small-caps are out on a limb. Not all of them, but many — perhaps most.
As is inevitable nowadays, the discussion on equity investing turned inevitably towards small-caps. Like most sensible observers, my friend agrees that small-caps are out on a limb. Not all of them, but many — perhaps most.