Raymond James' Jeff Saut: Investing Performance Determined By How You Manage Losses

From Market Folly:

Market strategist Jeff Saut's latest weekly commentary is entitled "Losses?!" where he focuses on, you guessed it, the importance of managing the red side of your portfolio.  Saut says,

"What determines your stock market performance is not how you manage your winners, but how you manage your losers."

He then cites legendary hedge fund manager Paul Tudor Jones of Tudor Investment Corp, who said that: "I'm always thinking about losing money as opposed to making money; focus on protecting what you have."...MORE

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