We're all punters let's be honest and PTM have been permabears perhaps me as well.
How do you reconcile the idea that inflation has been pricked with the observation that employment remains strong?
Do you think that the permabears get more airtime than the bulls? Or the shortsellers who predicted the failure of SVB six months before it happened just by reading the 10Q.
I think if you are right, and it maybe so then PTM will continue to underperform and is a falling knife.
Ann: Funds Under Management - April 2023, page-117
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