Carol Loomis quote

In general, the hedge funds were clobbered by the 1969 bear market, ending up in many cases with records that were worse than those put together by aggressive mutual funds denied the luxury of short sales.
Carol Loomis

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Tap Dancing to Work: Warren Buffett on Practically Everything, 1966–2012: A Fortune Magazine Book
Tap Dancing to Work: Warren Buffett on Practically Everything, 1966–2012: A Fortune Magazine Book
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