Avoid the Unforced Investment Errors Even Billionaires Make
Barry Ritholtz
APRIL 17, 2025
Fees of 2% plus 20% of the profits are a huge drag on performance. The SVB loss served me right; it was a reminder of how quickly I get cocky and arrogant after a score. An instructive war story : During the mid-1990s, a grad school buddy took a senior job at a tech startup that came with lots of stock.
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