Jay Pelosky – You Can Be Right but at the Wrong Time

<p><strong>BIO: </strong>Jay Pelosky has over 35 years of both buy and sell side financial market experience. While at Morgan Stanley, he was ranked # 1 in Institutional Investor in Global Equity Strategy and Global Asset Allocation Strategy.</p><p><strong>STORY:</strong> In the 90s, Jay was bullish about Mexico even though people were concerned about foreign currency debt and the country’s risk of devaluation. He remained adamant that people shouldn’t worry because Mexico wouldn’t devalue, and everything would be fine. Lo and behold, the Mexican government devalued in the middle of the night.</p><p><strong>LEARNING:</strong> You can be right but at the wrong time. A forward-thinking approach is precious as an investor. You must have a thick skin to be an investor because you’ll get stuff wrong often.</p><p>&nbsp;</p><blockquote class="ql-align-center"><strong>“The only person who hasn’t struck out is the person who hasn’t swung the bat. In other words, if you’re going to be in this business, you’re going to make mistakes.”</strong></blockquote><blockquote class="ql-align-center">Jay Pelosky</blockquote><p>&nbsp;</p><h2>Guest profile</h2><p><a href="https://www.linkedin.com/in/jay-pelosky-a3a558b8/" rel="noopener noreferrer" target="_blank"><strong>Jay Pelosky</strong></a> has over 35 years of both buy and sell side financial market experience. While at Morgan Stanley, he was ranked # 1 in Institutional Investor in Global Equity Strategy and Global Asset Allocation Strategy. He has over 20 years of global macro experience and has spent much of the past 20 years investing his own capital using US-listed ETFs.</p><p>TPW Advisory is a NYC-based, independent investment boutique offering global asset allocation and portfolio strategy advice to retail and institutional investors through its Model Portfolio Delivery Service (MPDS). Learn more at <a href="https://pelosky.com/" rel="noopener noreferrer" target="_blank">pelosky.com</a>.</p><h2>Worst investment ever</h2><p>In the 1990s, Jay was the Latin American strategist