Romick has one of my favorite commentaries…not just because he speaks to the market outlook, but also to his process and some specific ideas. We’ve covered some before (search the archives), and today has a fun assymetric idea on bond vol…
Quote, charts and link:
“As an unconstrained manager, we don’t have to do anything… and we certainly don’t have to do everything.
Think of all of these companies that this approach can help you avoid…
You know… we have to make a Valeant effort to always PayLess as we travel Countrywide and make our Global Crossings to find our Blockbuster investments. We might as well take a deep breath of the Swissair…as we seek our Barings….”
Link to Download