Gustavo Ballvé on February 5th, 2010
Food for thought, Home, Mental models, Portfolio Management, Risk management

In his latest post, Tom Barrack of Colony Capital writes about some similarities between a big wave surfer and a successful investor. While we would be even more conservative in general, we agree with most the “credos”.

Another interesting thing is that he alludes to a then-current state (he wrote this on January 17th 2010) of “don’t stress the distress”, that is, there was then a state of artificial “calm”. Well, judging from the last two days, the sea is no longer flat.

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