The past three years have been grim for investors. There is not just emotional pain at seeing p...
The past three years have been grim for investors. There is not just emotional pain at seeing prices collapse but a lost sense of direction, footing and of how to conduct oneself in these turbulent times. Yet no-one questions how, as investors, we got into this position. After all, fund managers have much to bear in attribution and responsibility for the longest boom and probably most painful bear since 1929. During the TMT bubble, investors were lured into making a quick buck and forgot about their investment principles. While they will have made money following this strategy pre-bear...
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