Fund Managers With No Control

The day was Black Monday, October 19, 1987. I remember it well. I was 24 years old and I was responsible for the management of the investment holding company that my mother had left behind when she died. I was only 18 years old at the time of my mother’s death. I knew very little about investing back in those days. I studied a lot and fortunately during those five years from 1982 through to 1987, the market conditions were very forgiving and it was had to make mistakes. But October 19 and the days that followed were very scary for a young 24 year old fund manager.

---------------

Host: Victor Menasce

email: [email protected]