From the front lines:
“Big cuts at Barclays in New York yesterday, across the board, ranging from associate to director. Morale is not great. Cuts are expected to continue in the UK today.”
The more frequently you monitor your portfolio, the more likely you are to observe a loss. This is likely to cause short-sighted decisions and could hurt your investment performance. If you are checking your portfolio more than once per quarter, you’re doing it too much.
Senior bankers, less so.