Anthony Bolton has urged investors to be "steely" and hold on to their nerve particularly during volatile times, as he talked about his tenure as fund manager of the UK's largest unit trust.
In an interview with Share Radio (www.shareradio.co.uk), the former manager of the Fidelity Special Situations fund (pictured), warned investors to be aware of behavioural biases when running money. He said: "Investment is an odds-game. You are trying to make more good decisions than bad decisions, but you will make more bad decisions. No one can do well all the time, everyone has difficult patches. "Investing is not just about the job, the outside world, picking shares. It is also about knowing your strengths and weaknesses. If you are too emotional you will not make a good investor....
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