After a stellar 2017 with a gain of 64%, Arquitos Capital Management had three rough years ending with negative returns. Steven Kiel, the CEO of Arquitos points out this trend as inevitable. He argues that even the best-performing investors including Buffett, Ackman, Munger and Bill Miller all endure rough patches.
It all shows that in investing having a long-term perspective is essential. The fund was back on track in 2021. Kiel also mentioned that the reasons for the fund's overperformance in 2016 and 2017 were the same which caused the underperformance in the next three years.
Factors in...