Market Talk – May 6, 2024
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 closed Shanghai increased 35.90 points or 1.16% to 3,140.72 Hang Seng increased 102.38 points or 0.55% [...]
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.