The ultra-bears of this world should take a bow - they took substantial risks with their careers and have been thoroughly vindicated. It requires guts to argue that stock x will fall 90% from its peak when the "smart money" of the world is investing expecting it to double.
We approach the golden age of long-term investing. Competition is about to thin out as hedge funds/PE funds are taken to cleaners.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment