June 2009
“Unfortunately, there’s lack of consistence of what’s happening. I am wondering how stupid the market can be for how long.”
One difficulty confronting managers (and their investors) is maintaining conviction no matter how great the head winds or how inefficient the markets.
What separates one managers brilliance from another managers stubbornness?
I many cases, simply timing and their tolerance for risk.
Monday, July 6, 2009
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