Time to rethink all your investments in auto,auto ancilliaries, oil&gas, refining etc
India commits to sell only electric cars by 2030. It is already the largest market for solar power. https://t.co/EGBNTPzmE5
— Elon Musk (@elonmusk) June 1, 2017
Colm O’ Shea runs one of the largest hedge funds in the world COMAC Capital.
What I learnt from him: How to place stop losses
From his interview in the Book The Hedge Fund Wizards
First, you decide where you are wrong. That determines where the stop level should be.
Then you work out how much you are willing to lose on the idea.
Last, you divide the amount you’re willing to lose by the per-contract loss to the stop point, and that determines your position size.
The most common error I see is that people do it backwards.
They start with position size. Then they know their pain threshold, and that determines where they place their stop.
Some stuff I am reading today morning:
US withdraws from Paris Climate deal (Bloomberg)
Narayana Murthy says IT industry ‘ebbing’ (MC)
Britannia’s growth gets soggy (Mint)
Banks seek forensic audit of RCom books (BS)
Don’t be fooled by high dividend yields (CS)
How to save up for big expenses (RetireBy40)
Difference between statistics and strategy (Pension Partners)
Quants run Wall Street Now ? (RCM Alternatives)
The cost of an investment conscience (Mark Gilbert)
31 year old Rishi Shah is Tech’s latest Billionaire (Forbes)
Hat Tip: Niraj Bardia
Source: Mary Meeker Presentation on Internet Trends
