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Managing Losses with Portfolio Pro Whitney Tilson
Posted by: Dheeraj Grover (IP Logged)
Date: June 5, 2012 10:06AM
These volatile market are hitting investors across the board. Even the most savvy traders are feeling the heat, including hedge fund manager Whitney Tilson.
In fact, Tilson, who is founder of T2 Partners and a CNBC contributor, is facing his fund’s second-worst month ever. How’s he managing the losses?
And as along as the pullback doesn’t shake Tilson’s conviction in his theses, he selectively adds to positions.
In other words, if you're looking to cut losses, you're not trading like a pro. As Warren Buffett often says, be greedy when others are fearful.
Watch the video here: