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Post by arfanho7 on Feb 24, 2024 5:50:44 GMT -5
Successful investors learn how to put their unique knowledge to work understanding what moves stocks. ock ismagilov Once they ve uncovered that friction in the market between what the price is and what it should be Cohen and Malloy stress the importance of identifying a catalyst that will cause the market to catch up. It s one thing to say I am going to buy this stock but there has to be an event that is going to make it move the way you want says Malloy. Team members Nami Singhal Trish Higgins and Yura Mikhalev all MBA used a case that Singhal had studied about Argentina s volatile political system as background information to predict that the country would default on its Egypt WhatsApp Number List debt a likelihood they felt was inadequately represented in the bond market. We could see this macroeconomic storm on the horizon says Higgins whose previous experience at a global macro hedge fund proved valuable to the team. But there aren t that many investors out there who are well versed in years of Argentine economic history. their investment thesis and invested imaginary funds Argentina teetered on the edge of defaulting. They made percent in the first few weeks of that trade Cohen recalls. Unfortunately for the team the courts blocked a settlement on default for several months while they watched their position weaken last year Argentina s court appointed mediator officially ruled that the country was in default. The experience gave the students a new respect for the market. Had we real money on the line—if this had been our own retirement fund or our kids college fund—I don t know if we would have necessarily had the conviction to stick with it says Singhal.
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