Asset management demands a certain scope of thinking since it is a consensus business. Choose your battles – is that stock worth fighting for when you could be wrong and you’re getting a lot of push back?
Great thing about this business is no one is ever always right. So the best thing you can do is be humble, know when you’ve made a mistake, learn from it and move on. A lot of people who’ve hung on to their calls when they were clearly wrong have suffered for it.
