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



David Merkel said...

Good piece. Thanks.

EconomicDisconnect said...

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