Portfolio Management 

A piece of cake

A piece of cake

Investing, it seems, is a macho activity. People become attached to particular stocks and the stories behind them and take anyone disagreeing with their view almost as a personal insult. A lot of the bravado seen on website comment threads is banter. Sharing strong opinions is another enjoyable aspect of hobby investing, where reasonably wealthy people risk money they can afford to lose buying equities. Potentially, there are lucrative rewards, and skilful stock-picking is certainly not akin to gambling; but long-term investing is about more than looking at the case for just a handful of sectors and companies.

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