“So you can accuse me of being a perma-bear, but that is just a label that missed the point. I’m a capital preservationist, first and foremost, and a prudent strategist aiming for returns over a business cycle that will exceed anything anyone can garner by relying on the government bond curve or the stock market indices, which themselves are nothing more than concentrated portfolios and as our Chief Investment Officer, Bill Webb, is fond of saying, ‘accidents of history’.”
– David Rosenberg
Josh here, for comparison’s sake let’s include a look at Reality to go with the Fantasy:
Source:
Rosie Reiterates His Investment Thesis for 2011 (Investment Postcards)
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