Tania Reif – You Can Be Right and Lose Money

<p><strong>BIO:</strong> Tania Reif is the Founder and CIO of Senda Digital Assets. Prior to her cryptocurrency focus, she built her investment pedigree at top macro hedge funds, including Soros Fund Management, Laurion Capital, Citadel, and Alphadyne Asset Management.</p><p><strong>STORY:</strong> Around the end of 2017, Talia believed the dollar would stay strong and rally. Unfortunately, it tanked in January 2018. It only started rallying three or four months later, but by that time, Talia had taken her chips off the table and didn’t profit from her view that played out a few months later.</p><p><strong>LEARNING:</strong> Reassess your investment model and make discretionary decisions to avoid getting into trouble. You can’t always be on top of everything in the financial world. Don’t fight the flow.</p><p>&nbsp;</p><blockquote class="ql-align-center"><strong>“You actually can be right and lose money. This mostly happens when you’re, funnily enough, too early to a trade.”</strong></blockquote><blockquote class="ql-align-center">Tania Reif</blockquote><p>&nbsp;</p><h2>Guest profile</h2><p><a href="https://www.linkedin.com/in/taniareif/" rel="noopener noreferrer" target="_blank"><strong>Tania Reif</strong></a> is the Founder and CIO of <a href="https://www.senda.fund/" rel="noopener noreferrer" target="_blank">Senda Digital Assets</a>. Prior to her cryptocurrency focus, she built her investment pedigree at top macro hedge funds, including Soros Fund Management, Laurion Capital, Citadel, and Alphadyne Asset Management.</p><p>She was profiled in the 50 Leading Women in Hedge Funds 2017 survey by The Hedge Fund Journal. Her career spans public policy beginnings at the International Monetary Fund and experience in the banking industry at Citgroup’s Economic and Market Analysis team.</p><p>She holds a Ph.D. in Economics with Distinction from Columbia University, where she earned the Jagdish Bhagwati International Economics Award for her work in currency dynamics.</p><h2>Worst investment ever</h2><p>Tania had a perfec