The Arithmetic of Equities By Whitebox Advisors

(via www.marketfolly.com)

Andrew Redleaf of Whitebox Advisors penned an interesting letter a few months ago entitled, "The Arithmetic of Equities."  In it, he points to the folly of Bill Gross' "death of equities" commentary and makes the case for stocks.

Redleaf asks a simple question: "Why do U.S. institutions...

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