Wednesday, November 24, 2010

Give Thanks for Selective History

Most investment managers – and most private investors, for that matter – have beaten their benchmarks sometimes. Selective history is the art of commemorating the good times, ignoring the bad.

The founders of our Thanksgiving holiday must have had a talent for selective history, too. Otherwise our Holiday tables would be full of codfish. See our Thanksgiving post for 2008.

Update: Give thanks as well that Thanksgiving menus don't include eels.

Eat, drink and be thankful!

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