ADAM TURK - HARBOURSIDE CAPITAL
It was excellent to sit down and chat with Adam Turk from Harbourside Capital. I had a whole list of questions prepared but we quickly went off on to a tangent and, I think, a much better interview with some valuable lessons.
For Adam it's all about Risk Management. His company has a process that screens for the best shares on the market at any particular time. They have a less than 50% success rate but they sell the shares that aren't performing and hold on to the ones that do well. It's not about being right all the time but about limiting the downside and holding the winners.
"I think as humans, we struggle with the concept of not being wrong. Our whole education system, our whole life is built around our sense of self and to be valued for your opinion. Maybe that's something we should start teaching kids, that failure is all part of the process. And failure is a natural thing. When you really understand that it changes your outlook." - Adam Turk
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Shares for Beginners is for information and educational purposes only. It isn’t financial advice, and you shouldn’t buy or sell any investments based on what you’ve heard here. Any opinion or commentary is the view of the speaker only not Shares for Beginners. This podcast doesn’t replace professional advice regarding your personal financial needs, circumstances or current situation. Thanks to Christopher Soulos for music production out of Garlic Breath Studio https://www.facebook.com/GarlicBreathStudio. Remember music flows when the money don’t.