#276: Jihan Bowes-Little on Identifying Private Market Opportunities
The Pomp Podcast
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The One or Two Lessons Learned Over Your Career
Trading is about understanding when there's a set up in the market where, even if you don't have any idea, i think we're face with an unknowable risk. And so trying to position your portfolio by predicting what we think will happen with the cronovirus is a recipe for disaster. If you can put yourself in risk reward situations where the reward is multiples larger than the risk and do that over time, dand that's how the great investors make money. Many hedge fund managers are right 55 to 60 % of the time would be a very large number, right? But the magnitude of what they make when they are right versis the magnitude ofwhat they lose
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