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High Beta

High Beta

February 13, 2019 9:56 pm0 comments

I was extremely happy to lose an investment today. It was a small-cap investment in what was essentially a penny stock, though traded on a major exchange. The best part about these investments is that the downside is small, but the upside is uncapped. There’s a limited number of investments of this type that anyone should keep in a sensible portfolio. But it’s good to hold them for unexpected “black swan” events. In any event, I lost this one. But I’m confident it was still the right choice.

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