john maddente | midwestern clarity

T here's nothing conventional about investment manager, author and media personality, Jonathan Hoenig.  Even the name of his hedge fund  Capitalistpig , defies comparison.   Years ago, I recruited Jonathan Hoenig to speak at financial industry events and then I began to notice his frequent TV appearances on Fox business programs . Characteristically, in  his new book  with Stuart Hayashi ,  Price Is Primary: how to profit with any asset in any market at any time   Mr. Hoenig challenges several fundamental principles that some retail  investors hold as immutable, even if professional traders do not.   Consider dollar cost averaging; Hoenig argues instead that an initial purchase of a security should be your largest one, then on the basis of rigorous observation and disciplined use of  rules, one should quickly pare losses or "let the winners run."  Rebalance your portfolio?  No, not a strategy he embraces. ...