I agree very much on that about HD. He talked alot (about inflation, bubbles, things not being "value") etc but for some reason MFG didn't execute on that belief at the peak of the market hype... partic on the large tech holdings etc Do we actually know why that was? Maybe HD didn't have complete control over the management of the portfolio at the time? Has he unfairly copped the brunt of the fall perhaps? Did he have sole responsibility for the buying and selling of stock in that main (important) portfolio? What are the facts here? Thanks
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