“As we know, there are known knowns; there are things we know we know. We also know there are known unknowns; that is to say we know there are some things we do not know. But there are also unknown unknowns -- the ones we don't know we don't know.” Donald Rumsfeld, former US Secretary of Defense (2002) [1] During market dislocations it is common to witness rapid price falls on individual stocks that appear indiscriminate in nature and often contrary to the positive rationale which fundamental…
‘Stock picking Alpha and the fear of unknown unknowns’
12 Oct 2018
Posted by Barry Norris