Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a brief summary of a detailed note available to paid subscribers.
Active investment management can provide attractive rewards. The key, in addition to possessing the necessary acumen, is to pick stocks under market conditions that are favorable to the investor.
Business development companies (BDCs) are such an example. The industry as a whole has generated unremarkable performance. Yet, stock picking has been demonstrated to be value-added.
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