TIME TO LOOK AT ALTERNATIVES

摘要

One of the early lessons I learned regarding managed money is that once a trend is broadly recognized in the investing community, it may be time to look for an exit as you will often be late to the party. Too often investors pile into the hot investment after it has had its big run, just in time to lose a bundle; or worse, bail out after poor performing periods, just in time to miss a sharp rise in profits.