The Arithmetic of Equities By Whitebox Advisors
By MarketFolly on Tue, 2012-12-04 15:00
(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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