Business
How Lynas and Afterpay shares humbled 2 fundies
Share investors love to talk about their successes. It doesn’t matter if they’re professional or retail investors — the stories you’ll hear at the barbecue are about those ASX shares that shot up to 5, 10 times their purchase price.
But every portfolio has duds and missed opportunities. No investor has a 100% strike rate.
So it’s refreshing to hear from professional investors which moves they regret.
Redpoint chief executive and head portfolio manager Max Cappetta wished he’d purchased Afterpay Ltd (ASX: APT) shares when they were cheap.
“I must admit it’s a little bit humbling when the stock that you choose in a sector, like Xero Limited (ASX: XRO), goes up 100% and it’s the under-performer in the sector by a…
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