The numbers have changed, but
I still reach the same conclusion — UDG's as wildly over-valued as ever.
Not exact matches
Unfortunately, one could have
reached the
same conclusion for most of the past three years and
still underperformed by betting on value.
But two people can be listening to the
same conversations for years on end and
still reach very different
conclusions, me included.
If, after some months of investigation and soul - searching, you
reach the
conclusion, as I did 15 years ago, that your current job is
still the best, you will be more comfortable if your boss
still has the
same excellent opinion about your performance that he or she had 6 month ago.
Unfortunately, one could have
reached the
same conclusion for most of the past three years and
still underperformed by betting on value.