Why This Value Investor Is Thrilled By Higher Rates
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Wall Street scion Christopher Davis hung tough for 14 years as risk-free
borrowing pinched value stocks. Now that money costs money again, he’s
taking adva...
1 hour ago
CW,
ReplyDeleteAnd that's when we learn from "needle pricked the skin" way that's why emergency fund should be distinct from opportunity fund.
Not just us retail. Institutional investors felt the pain of the needle too when they have to liquidate crown jewels during margin calls or to meet fund redemptions...
In money management, we call this idea spend within your means; better still spend below your means. Another words cash flow management is very important. Even a viable business can shut down due to cash flow problem.
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