It’s human nature. When there’s an accident on the interstate, traffic slows to a crawl as passersby crane their necks, gawking to see who-knows-what. When the same occurs in the capital markets, pundits opine just as instinctively. Some think they can add insights to the narrative; others want to be on record for some future marketing blurb.
The principal contribution of the undersigned is neither. Our investment strategy—indelibly displayed in our client portfolios—has already been articulated in an irreversibly public way for a long period of time.Continue reading “Gawking and Hawking”