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The Importance of Experience in Asset Management
When you saw things like Johnson and Johnson, Lewis, 50% of the value, it was clearly concerning how could that possibly happen? But when you think of it, it's because they couldn't sell the other stuff. And so those big mega cap names got crushed, crushed. But they were also the first ones to rally right backBecause they got so artificially dislocated that they bounced right back. Those declines in my mind present opportunities for the long-term investment.