“The best way to learn on Wall Street is to lose money, and I have lost money in every possible way, and I hope I have made every possible mistake, but strategically I still make them every day.”
I came across a 2005 interview with Ron Sheer, who had been a client of my fund as well as a long time friend. Though this interview is over a decade old, there are so many pertinent points that remain true today. I thought it would b a worthwhile read for some. Ron is right at the top of my “respect” list in this industry.