During my eighty-seven years, I have witnessed a whole succession of technological revolutions. But none of them has done away with the need for character in the individual or the ability to think.”
October 26, 2015
Today it is difficult to imagine an active portfolio manager having the aura of a rock star. But in a period of rising interest rates (1945-1982) it did happen and will happen again. After all, who wouldn’t regard someone with respect who could make them money by outperforming the stock market? Today the common ...