Is management rational?
Too often, a vast collection of possessions ends up possessing its owner.
We're still in a recession. We're not gonna be out of it for a while, but we will get out.
You have no ability, if you're a financial institution and you're threatened with criminal prosecution, you have no ability to negotiate.
Be fearful when the markets get greedy, be greedy when the markets get fearful.
Our favorite holding period is forever.