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Prognostications for 2009

Monday, January 5th, 2009, by Richard

“Life isn’t fair. It’s just fairer than death, that’s all.”
William Goldman, famed screenwriter
2009 promises to be yet another challenging year, but in no way a carbon copy of 2008.
That’s at the core of my disconnect with all the expert talking heads who have internalized the wreckage of the past year and project yet more […]

Baiting the Bear

Monday, September 8th, 2008, by Richard

Last month, we pulled the trigger and sold one of our favorite funds.
It was an emerging markets fund with a focus on Eastern Europe, including Russia, that had returned a compounded 28% per year for the past five years.
Alas, it has dropped 24% already this year and is still in free fall. And what […]