The CEO of Research Affiliates on what must happen with the budget and entitlements, and what will happen if the markets lose confidence in U.S. currency
Imagine a boss who is generally supportive of your efforts, but has some odd tendencies around rewarding initiative.
Does our tendency to punish our winners hurt their investors? Yes. In fact, we find the leader in any sector underperforms the average stock in its own sector by 3.5% in the next year ... and the next year … and the next year.
