Get a sharp investor talking for long enough, and their stories often become revealing. You’ll undoubtedly hear not just about their wins, but also their most painful mistakes. We asked financial pros to tell us about experiences that left a mark – and, more important, what they’ve managed to learn from them.
I learnt an expensive lesson about the dangers of leverage early on. I bought US Treasury bonds with 10-to-one leverage just months before my career at Pimco began. I had US$10,000 (S$13,500) equity savings from my earlier experience playing blackjack – from which I learnt that any bet should be limited to 3 per cent of your liquid net worth.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you