The 5 Deadly Sins Of Portfolio Management

The 5 Deadly Sins Of Portfolio Management
Evgeny / Pixabay

I can basically summarize the entire subject of behavioral investing in the following one sentence. Human beings are biologically hard wired to make poor investment decisions.

Unfortunately, your fund manager is also guilty of making the same mistakes that many retail investors make. As a result, many investors get stuck with underperforming managers despite paying high active management fees.

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Even sophisticated institutional investors, who collectively manage trillions of dollars and have entire teams dedicated to fund manager selection, end up with portfolios that underperform. Buffett recently stated the following in an annual report, "huge institutional investors, viewed as a group, have long underperformed the unsophisticated index-fund investor who simply sits tight for decades. A major reason has been fees: Many institutions pay substantial sums to consultants who, in turn recommend high-fee managers. And that is a fool's game."

As a potential limited partner in the Ashva Capital LP fund, I feel it's my duty to help you identify negative behavior that can lead a fund manager to underperform. I've recently published a report titled the 5 Deadly Sins of Portfolio Management. You can read the full report here.

I'm a big believer in the ability of Indian equities to compound your wealth over time. However, to experience the joys of the compound effect you must find the right fund manager.


Ankur Shah

Ashva Capital Management LLC


Interested in becoming a limited partner?

We're now in the process of building the waiting list for the next investor opening window at the end of the second quarter of 2019.

I suggest that you join the waiting list as soon as possible by scheduling an initial phone consultation. Here is what we'll accomplish together in this fast-paced, zero-nonsense 30 minute session:

  • Asset allocation review: We'll review your current retirement portfolio and determine how an allocation to the Ashva Capital LP Fund would help you achieve your financial goals.
  • Investment philosophy: We'll briefly share our investment philosophy so that you can understand exactly how we'll grow your wealth over time.
  • Q&A: Understandably, you may have many questions related to logistics, monthly reporting or taxation. We'll make sure that we address any questions or concerns that you may have.

To secure a time for this consultation, please email Cindy Valencia at [email protected] and she will advise you regarding available time slots. This consult will take place with me directly and will be scheduled within 1-2 weeks of your initial email.

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Jacob Wolinsky is the founder of, a popular value investing and hedge fund focused investment website. Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at) - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver
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