Market Talk – May 8, 2025
ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 increased 148.97 points or 0.41% to 36,928.63 • Shanghai increased 9.33 points or 0.28% to 3,352.00 [...]
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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