APRIL FOOL
QUARTERLY REVIEW
Despite a number of atrocious mistakes, I have a decent first quarter. My portfolio gained a decent 12% compared to about 4% in S&P and Dow, 6% in NASDAQ, and 13% in Russell 2000. The performance mirrors Russell 2000 as my portfolio focuses largely on small caps. I am particularly satisfied with that I was able to deal with a number of very difficult situations, reasonably decisively so that no material and long-lasting impact to my return. I was calm, logical and decisive. What boosted my confidence is the fact that had I not committed these atrocious mistakes, my return would have been exceeding 15% in the first quarter! While it is absolutely impossible to avoid mistakes, the most important skill in investing is not picking stocks, it is managing risks. In other words, to reduce investment mistakes to the minimum.
Despite a number of atrocious mistakes, I have a decent first quarter. My portfolio gained a decent 12% compared to about 4% in S&P and Dow, 6% in NASDAQ, and 13% in Russell 2000. The performance mirrors Russell 2000 as my portfolio focuses largely on small caps. I am particularly satisfied with that I was able to deal with a number of very difficult situations, reasonably decisively so that no material and long-lasting impact to my return. I was calm, logical and decisive. What boosted my confidence is the fact that had I not committed these atrocious mistakes, my return would have been exceeding 15% in the first quarter! While it is absolutely impossible to avoid mistakes, the most important skill in investing is not picking stocks, it is managing risks. In other words, to reduce investment mistakes to the minimum.
posted by ZIGZAG at 4/01/2006 09:03:00 PM
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