“In the short run, the market is a voting machine, but in the long run it is a weighing machine.” Benjamin Graham Although November marks the Day of Remembrance, for most credit managers it was a month they’d rather forget. To borrow an analogy from investment guru Ben Graham, Mr. Credit Market’s mood went from […]

“If you think your teacher is tough, wait until you get a boss. He doesn’t have tenure.” Bill Gates On the list of things not to lose, our jobs typically rank pretty high. That’s why, as our mothers encouraged us to, we come to work ready to do our best. But sometimes doing the ‘best’ […]

“I like putting all my eggs in one basket and then watching the basket very carefully.” Stanley Druckenmiller Last month, we looked at the trend in wealth management of constructing more diverse portfolios as a means of risk reduction. We even drudged up Peter Lynch’s term, ‘diworsification,’ in reflecting on the risks of diversification for […]