Baupost Summarizes Today’s “Investment Process” In 50 Words…”because none of this is real.”

Friday, September 20, 2013
By Paul Martin

by Tyler Durden

… It appears to us that many market participants are quite dissonant regarding how they should be positioned, wrestling with the competing sentiments: “I can’t afford to miss a rally, but I sure can’t afford to get killed if things go in the other direction because none of this is real.”

The Rest…HERE

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