Market Talk – July 26, 2024
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 202.10 points or -0.53% to 37,667.41 Shanghai increased 4.16 points or 0.14% to 2,890.90 Hang [...]
How to Define a Statesman
QUESTION: You have said that all we have are politicians, not statesmen. What is your definition of a statesman?
GD
ANSWER: A statesman is one who admits when he has made a mistake and has the wisdom to correct it before it does any more harm. This is the same quality required to be a successful hedge fund manager. If you cannot quickly realize when you are wrong and get out of a bad trade, you will lose your shirt, pants, wife, kids, and the dog.
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