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Margin Call
6 mins to read

When the tide goes out

In a declining market it's easier to see which fund managers have been taking more risk.

Warren Buffett's adage is apt for the world of funds management.

Only when the tide goes out do you discover who’s been swimming naked.

Warren Buffett’s adage is rarely as apt as it is for the world of funds management, where it often takes a sustained market decline to reveal which fund managers had been taking an above-average level of risk.

Risks in an

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Nicholas Bagnall Tue, 24 May 2022
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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When the tide goes out
Margin Call,Investment,
94138
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