When did Vlad jump the shark?

[Charles Albert]

>From

*FIXED INCOME INVESTING - The Danger of Complacency*

*Quantifying the Risk of a Low Interest Rate Environment*

William F. Woodruff, CIO, Bαndon Capital Management


Nabokov once said that, "Complacency is a state of mind that exists only in
retrospective: it has to be shattered before being ascertained."
We believe that investors, as a group, are failing to recognize a number of
critical warning signs, outlined in the next section.



love,
cfa
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://waste.org/pipermail/pynchon-l/attachments/20130614/3de576c6/attachment.html>