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Why are People Never Taken to Task?
Written by: Paul KedroskyArticle Overview: Tonight I was trying to get a sense of what signals were missed earlier this year, so I got to reading comments from various well-known buy-side sorts. Here is a sample from March of 2008:
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Why are People Never Taken to Task?
Tonight I was trying to get a sense of what signals were missed earlier this year, so I got to reading comments from various well-known buy-side sorts. Here is a sample from March of 2008:
Economic growth may remain fairly tepid until spring, but we still believe the U.S. will avoid recession and second-half growth will prove stronger than most expect. Even if economic reports stay tepid or “recession scary” for the next few months, investors should try to think “recovery!” Focus on overweighting stocks relative to bonds and economically-sensitive stocks rather than defensive sectors. Small caps over large caps! Emerging rather than developed markets.
This was wrong. Dead wrong. And wealth-destroyingly so. Why are people like this never taken to task? Maybe I should learn my lesson and stop beating myself publicly for my many screw-ups. Apparently it's not necessary.
Article Tags: bonds, economic growth, economic reports, investors, recession, screw ups, sectors, sensitive stocks, signals, small caps, sorts, ups
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About the Author: Paul Kedrosky RSS for Paul's articles - Visit Paul's website Dr. Kedrosky is currently the Executive Director of the William J. von Liebig Center in San Diego, California. Using an innovative seed capital program, the Center catalyzes the commercialization of technologies from the internationally-ranked University of California, San Diego. Dr. Kedrosky is also a venture investor with Ventures West, Canada's largest institutional venture capital firm, where he is most active in consumer technologies and software. He is currently on the board of Marqui Corporation, a marketing automation software company. Click here to visit Paul's website Day in Life of a VCBacked CEO Maxwell Oil to $300 by 2020 What Sequoia Capital Looks for in Startups US TV Networks This InterWeb Thing is Not a Fad Ten Rules for Being a Good Conference Panelist |
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