Baupost Summarizes Today’s “Investment Process” In 50 Words…”because none of this is real.”
by Tyler Durden
ZeroHedge.com
09/20/2013
… 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