Keynes and Cigarettes

From Interloper
December 26, 2012 - 10:03am

Every important argument in investing can be reduced to time frame, the speed at which returns can be earned relative to the amount of risk accepted. The now-somewhat disgraced Charles Brandes had the perfect synopsis of this: What growth investors pay in valuations, value investors pay in time In other words, growth investors want their [...]


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