Here’s How Yakov Litinetsky Thinks About the Stock Market
Most people see the stock market as one thing. Yakov Litinetsky sees it as four or five different jobs, each with its own rules. Equities, options, foreign exchange and overseas markets don’t behave the same way, and he doesn’t ask them to. That’s the starting point for how he invests. Equities: the slow part Buying shares is the simplest piece. You own a small slice of a company, and you wait to see if the business does what it says it will. Yakov Litinetsky treats equities as the patient end of his trading. He looks at what a company earns, how it’s run and whether the price makes sense. A share he can’t explain in a couple of sentences doesn’t make the list. This is also where he’s least tempted to react. Prices jump around every day, and most of it is noise. Selling because a stock dipped on a Tuesday is rarely a plan. Options: the part that needs a clock Options are a different animal. They have an expiry date, and that changes everything. Being right isn’t enough. Yo...