When we think the facts of an investment case have changed so abruptly that there is not only limited upside but potentially significant downside to a stock price we are also prepared to short previous favourites. This investment volte-face can be highly contentious, emotionally difficult and fraught with reputational risk if it doesn’t pay off. On the popular American hedge fund drama, Billions, Axe Capital in-house psychiatrist and performance coach Wendy Rhoades terms this investment manoeuvre…
‘Vestas and the 180 degrees investment pivot’
14 Nov 2017
Posted by Barry Norris