Size

TV people think that the size of an investor’s fund is some sort of indicator of how right that person’s market calls will be.
It’s obviously foolish, but it’s also a little bit smart because it’s a mental shortcut when you’re trying to juggle the opinions of hundreds of people in the air at all times. The shortcut works like this:

Person A manages $10 billion. 
Person A could not hav…
Source: http://thereformedbroker.com/2018/01/11/size/

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