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When market numbers can't be true, what is an investor supposed to do?
Interesting things have certainly been happening in the underpinnings of global markets—things that either run counter to long-standing financial logic, or represent an unusual dislocation in the "normal" state of market affairs, or were once rare occurrences but have been happening with increasing frequency.
[article has been updated; now there are six strange things]
I have come to view the markets as a vehicle for licensed gambling, some legal, some illegal, and some that should be illegal. That's why we try find mutual fund managers who know WTF they are doing.
I fully expect any fund manager I own who does well has insider information and is smart enough to exploit it. It is ALL ANALysis.
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I fully expect any fund manager I own who does well has insider information and is smart enough to exploit it. It is ALL ANALysis.