Jonathan Jacobson, founder of Highfields Capital Management, wrote in
a recent letter to clients about why the increasing influence of quants is obfuscating market risk:
Renowned for his brash investing tactics and unwavering self - confidence, Ackman adopted a new tone in his most
recent letter to clients, saying he entered the new year humbled and having learned a number of hard lessons.
Not exact matches
Here's the text of the most -
recent letter I sent
to our Portfolio Management
clients in late April:
As I have written in a
recent article on the topic of shoplifting demand
letters, when lawyers send
letters that mislead the public as
to their legal obligations, there is a strong case that these lawyers are breaching rules of professional misconduct by, among other things, knowingly assisting their
clients in dishonest conduct and violating their obligations
to act in good faith and practice law with integrity.
In
recent months, Zahedi said he started penning cover
letters on behalf of
clients and attaching their family pictures, hoping
to pull at the heartstrings of sellers who are weighing multiple offers.