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Friday, July 23, 2010

Quote of the Day - PIMCO's Rich Clarida

"Positioning for mean reversion will be a less compelling investment theme in a world where realized returns cluster nearer the tails and away from the mean." - Rich Clarida

-KD
Posted by Kid Dynamite at 8:12 AM

2 comments:

David Merkel said...

Good piece. Thanks.

8:36 AM
EconomicDisconnect said...

If you put salt on the tail of a woodpecker it can no longer fly.

3:59 PM

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