Warren Buffett once said:
"I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years."
As pragmatic as it may seem, surely a true visionary must be more of an optimist than a pessimist, if nothing else to believe in one's own ability - the backbone to success...
Active portfolio management draws on the assumption that markets are fundamentally inefficient, and a superior level of research should enable the exploitation of those inefficiencies to increase performance and control risk.
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