RB wanted to remind the readers of a few salient points, since it never receives any credit in the operation here. Even LB acknowledges that it said "let's get smaller" in September 2008 and RB said "let's get invisible". And then look at this post from 2/27. Time to Hunker Down, you can almost see LB's hand start to shake! Who did the coup d'etat on 3/3 at the trading desk while LB was hiding under the covers calling for its mama. Sure the nerd saves a few bucks with all of its stinking models, so it is not completely useless, but it is RB who is the real star, responsible for expanding the Headknocker's capital base with initiative and that vision thing.
The retirement accounts are now ahead of their October 2007 levels, adjusted for the subsequent contributions, but LB's admitted mistakes still has the taxable accounts down some from then. Buy High & Sell Low /Retrospective on the Good & Bad
LB said you may not want to count your chickens before they hatch. The model is not flashing the safe signal yet.
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