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HODL is half the success in investing some times #shorts
2 segments available
“If you’ve really done the work, really think you understand why it’s not been working and really feel it’s gonna make you a lot of money, “hold on for dear life” is half the success in investing at times.” Here’s Clifford Asness on the benefits of HODLing Catch the full episode here: https://youtu.be/WO1oNUchgJE
Segments Timeline
The Power of HODL
Clifford Asness discusses the investment strategy of HODLing, or 'holding on for dear life.' He emphasizes that if investors have done their homework and believe in their investment's potential, holding onto it can be a significant part of their success. Asness reflects on how this approach has evolved in his career, highlighting the importance of conviction in investing.
"one famous one which I might even use for some strategies is hodl hold on for dear life the funny part of this one is if applied correctly my self-serving view of correctly like late 2020 to Value str..."
Understanding Investment Risks
Asness cautions that simply holding onto an investment does not guarantee success. He stresses that one cannot turn a poor investment into a good one just by holding it indefinitely. The segment underscores the necessity of understanding the underlying value and health of an investment before deciding to HODL.
"you know if you go back to the beginning of my career I probably would have said I think half it might be some form maybe milder than dear life but it's some form of sticking with something you can't ..."