#7 A Scotsman and an Englishman
Behind the Balance Sheet
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What's the Fundamental Risk Premium?
When you get into more cavesoteric parts of the market, what you find is that there is a genuine and fundamental risk premium. So tthe market environment will actually select the kind of the the the most unsuccessful strategy. And it will do so in a way which i thinkthat you kindo, you can't really predict.
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