July 24, 2018
Makalu Fund Management, LLC ("Makalu") is an investment advisory firm that focuses on international small- and mid-cap growth equity investing.
Do Stop Losses Make Sense? — Risk management protocol considerations
We often hear portfolio managers state that they exit a position when the share price of a holding goes X percentage points below a Y stock price. The implicit acceptance is that the market is right and the portfolio manager is wrong, with the stop loss determining the dividing line. We do not find this statement satisfying.
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