| Hitting the Reset Button - Jan 4. 2009 |
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Financial markets and the economy always feed off each other in a capitalist system and we tend to cycle toward extreme inflection points, overshooting on the upside and on the downside. Periods of apparent growth and profitability seem to mask quite a bit of excess and inappropriate behavior and that is where we find ourselves presently. Click here to read the complete letter in PDF format |
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