December 30, 2009
Peter Yu, Cartesian Capital
What will be different in 2010, for the industry and for your own investment activity?
For us, 2009 was a year of truly extraordinary opportunities: capitalizing on dislocations has always been our focus and 2009 was rich with dislocations.
The yawning gap that has developed between equity markets and economic reality will persist in 2010. (Central-bank-created liquidity is to investment-bank-created liquidity as methadone is to heroin: perhaps less toxic but causing equally severe withdrawal.)
As a result, investment opportunities in 2010—for value and growth-oriented investors at least—will generally be less attractive.
Read the full response from Peter Yu at PEhub.com
Source: pehub.com · Read the original article
Photo: Midtown Manhattan Skyline seen from Wall Street by David Shankbone, BY 3.0, via wikimedia