Oscar de la Renta chose not to show at New York Fashion Week and instead streamed on Amazon. Is Amazon a suitable forum for a luxury brand? CEO Alex Bolen said, "I'm not sure. But we have to experiment with new ways to get our story out." https://lnkd.in/g4rZMxyb We launched our funds when Covid started and with the halt in travel and tough fund raising environment for emerging managers, we focused on performance and experimented with new ways to reach out to allocators, namely Linkedin posts and YouTube videos which can now be binge-watched on www.quantflix.com . True, some people say that with the positive fund returns last year for both our long-only equity and multi-strategy funds, and the China fund outperforming its benchmark by its annualized double-digit aim, it was expected that we would pass the $100m mark. But when times are bad, most new investment monies went to well-known funds that are much bigger with a marketing budget that we cannot afford. So every lit
My bill came up to $111.11. It was just luck, I didn't backward-engineer to decide what to order.
A lot of fund managers think it's all skill when they do well, and simply bad luck when they perform poorly. I read in the news this crypto fund manager who became famous for predicting the fall of Luna, only to lose all of the fund's assets by putting everything with FTX. Perhaps he was just lucky the first time round.The chances of good performance being more skill than luck increase when repeated over a long period of time, across market cycles. And as for both our ASV and BAA Funds being up 10% this year, kudos to the team but I would admit we had a healthy dose of luck being in the right stocks, sectors and strategies.
In Squid Game, there's strategizing and forming alliances but you definitely need some luck to make it through till the end. Every time my head swells up and I think "oh I'm so smart" I just need to look at the receipt I framed up to remind myself that I might just have been so lucky.
#lucky #kylieminogue #hedgefund #squidgame #humility
Comments
Post a Comment