Mauboussin Explains How Diversity Keeps Mr. Market Sane
In addition to laying the groundwork for value investing, Ben Graham gave us a vivid metaphor that has been recycled and re-imagined by value investors including Warren Buffett and Seth Klarman ever since: Mr. Market. In his latest white paper Michael Mauboussin, managing director and head of Global Financial Strategies at Credit Suisse, finds that Mr. Market is still a useful way to think about markets, but his extreme mood swings don . . .
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