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Consuelo Mack's WealthTrack: Guest: David Wallack, Manager, T. Rowe Price Mid-Cap Value Fund
"Losing half your money today requires you to double your money in the future (just to get back to even.)" "I credit my incredible success in the market to selling too soon (out of the market)."
Market Insider also had a recent interview with Mr Wallack:
Some additional quotes: "...keeping your money is in some ways more important than making it."
"(On the selection of stocks)...It's where are the interesting companies and how much money do I lose if I'm wrong relative to how much money do I make if I'm right?"
Though his fund is closed, mirroring some of these holdings in your own personal stock account might be a worthy consideration.
Here's another quote from the Markets Insider interview that I found interesting:
"I can't help think that there may be a period when folks who are putting their money into index products are going to regret it a few years from now. This is not a prediction, but just an observation that indexing has had its waves of popularity before. It hasn't been proven wise to deploy your capital there."
Comments
Many investment quotes...here are a couple:
"Losing half your money today requires you to double your money in the future (just to get back to even.)"
"I credit my incredible success in the market to selling too soon (out of the market)."
Market Insider also had a recent interview with Mr Wallack:
markets.businessinsider.com/news/stocks/david-wallack-interview-trowe-price-2017-4-1001951624
Some additional quotes:
"...keeping your money is in some ways more important than making it."
"(On the selection of stocks)...It's where are the interesting companies and how much money do I lose if I'm wrong relative to how much money do I make if I'm right?"
Though his fund is closed, mirroring some of these holdings in your own personal stock account might be a worthy consideration.
Here the top 25 Holdings (you can manipulate a portion of the full list by clicking on the different heading):
portfolios.morningstar.com/fund/holdings?t=TRMCX®ion=usa&culture=en-US
"I can't help think that there may be a period when folks who are putting their money into index products are going to regret it a few years from now. This is not a prediction, but just an observation that indexing has had its waves of popularity before. It hasn't been proven wise to deploy your capital there."