Market Talk – October 9, 2024
ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 increased 340.42 points or 0.87% to 39,277.96 • Shanghai decreased 230.92 points or -6.62% to 3,258.86 [...]
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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