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Thought of the day:
We are often wrong....15% for cycle bottoms, but right 85% of the time. Often 50% initial draw downs bag 10x, as the sitting proves out in our favour. We can't be right unless we are wrong in the very short term.
We are often wrong....15% for cycle bottoms, but right 85% of the time. Often 50% initial draw downs bag 10x, as the sitting proves out in our favour. We can't be right unless we are wrong in the very short term.
Theme and Position sizing is key...
Each new asymmetric theme has a 5-7% weighting
Each position within the theme has a 1-2% weighting
Most themes produce 8-13x returns on average
Each new asymmetric theme has a 5-7% weighting
Each position within the theme has a 1-2% weighting
Most themes produce 8-13x returns on average
If we are extremely compelled, which is very irregular, but is aligned with putting the buckets out, we will go to 20% in a theme and up to 5% in a position.
This would be for a repeatable asymmetric theme we have been successful in multiple times in the last 40 years.
This would be for a repeatable asymmetric theme we have been successful in multiple times in the last 40 years.
