Don’t Put Your Portfolio On Autopilot For The Next Two Weeks
Prior to the 1982 holiday season, I was having lunch with one of Bank of America’s top pension fund managers, Frank Husic, then at Alliance Capital. (I was the VP in charge of the pension and savings plans’ investments.) When I asked about his holiday plans, he surprised me, saying he would be at his desk. He explained that, with so many top investment professionals having vacated their offices during such times, profitable stock moves inevitably popped up. From that time forward, I’ve found his observation to be accurate – that absence could produce interesting stock price moves due to the inattention and inactivity.
This article is published on Forbes.com
