Bill Blain – Always Sell Fast in a Difficult Market

<p><strong>BIO: </strong>Bill Blain is a well-known financier and commentator on financial markets, contributor, and editor of the Morning Porridge.</p><p><strong>STORY: </strong>Bill loves airships, and many of his investment mistakes involve airships.</p><p><strong>LEARNING: </strong>Ignore the worst and the best estimates and focus on the middle consensus. In a difficult market, a bid is a bid, and you’ve got to sell fast.</p><p>&nbsp;</p><blockquote class="ql-align-center"><strong>“The market has one objective only; to inflict the maximum amount of pain on the maximum number of participants.”</strong></blockquote><blockquote class="ql-align-center">Bill Blain</blockquote><p>&nbsp;</p><h2>Guest profile</h2><p><a href="https://www.linkedin.com/in/bill-blain-05411932/" rel="noopener noreferrer" target="_blank"><strong>Bill Blain</strong></a> is a well-known financier and commentator on financial markets, contributor, and editor of the <a href="https://morningporridge.com/" rel="noopener noreferrer" target="_blank">Morning Porridge</a>. His day job combines his role as Strategist for Shard Capital, the leading investment management firm, and heading the firm’s Alternatives Group – financing Private debt and equity deals and direct lending transactions. His clients include sovereign wealth funds, hedge funds, insurance and pension managers, credit funds, and family offices.</p><h2>Worst investment ever</h2><p>Bill absolutely loves airships, and many of his investment mistakes—unsurprisingly—involve airships. When Bill was relatively young, he discussed with his grandfather about going to Dundee. He told him about reading about it and his interest in airships. Bill’s grandfather encouraged him to invest in that airship. Billy took his grandfather’s advice and put his pocket money into the airship company. He lost all his money when the company folded a year later.</p><p>A few years later, as a young banker again, the airship industry came up, and Bill thought investing in it would work this time. So invested and lo