On the Contrary
This commentary originally appeared at 8:03 a.m. EST on Jan. 29 on Real Money Pro -- for access to all of legendary hedge fund manager Doug Kass's strategies and commentaries, click here.
Let's not lose sight of the fact that, to most investors, the trend is one's friend. Variant views are typically rare (particularly when the trend is as powerful as the last three weeks of market advances), as they can expose managers to not only investment risk but to business risk. At the same time, a variant view near inflection points can deliver alpha or excess returns -- see Apple (AAPL)....507 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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