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Podcast: My Worst Investment Ever Podcast
Episode: Vineer Bhansali – You Create Real Value by Being Different
Description: BIO: Vineer Bhansali is the CIO of LongTail Alpha. The firm was founded in 2015 to help provide risk mitigation strategies.STORY: In early 1993, most investors held a significant long position on the Eurodollar futures contract, betting that interest rates would go down. Vineer decided to follow the herd. The Fed increased rates, and Vineer kept buying until he lost his investment.LEARNING: Don’t follow the herd blindly. Success in the markets is all about timing. Have an investment framework within which you operate. “You’ve got to be very humble and discipl...