Imagine losing 80% or more while, all around you, investors are basking in the glory of one of the biggest bull markets in history. Imagine racking up year after year of losses while stocks are going up nearly 400%.
That’s what it’s like to run a short-selling fund that hedges against the risk of a falling stock market….
To read the rest of the column:
The Wall Street Journal, http://on.wsj.com/2moMBCG
For further reading:
Books:
Jason Zweig, Your Money and Your Brain
Jason Zweig, The Devil’s Financial Dictionary
Benjamin Graham, The Intelligent Investor
Articles:
When the Stock Market Plunges…Will You Be Brave or Will You Cave?