Lessons in Conviction
Ryan reflects on a painful experience from his early career, where a misguided stock recommendation led to significant losses for friends and colleagues. He emphasizes the importance of recognizing when a thesis breaks and the fine line between conviction and stubbornness in investing. Ultimately, he urges others to admit mistakes swiftly and to be cautious when discussing individual stock picks with friends.In this clip
From this podcast
Capital Allocators – Inside the Institutional Investment Industry
Ryan Batchelor – Clifford Capital Partners (Manager Meetings, EP.11)
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